Thursday, October 30, 2014

UCO  bank-Rs.85/- the stock has been consolidating around 200 week EMA for last two years and gave break out in may 2014, and move above it and has again came to and exactly too support on that and started to move up. This is the perfect technical set up for a buy with stop loss below 200 week EMA. fundamentally also the bank is performing well its financials have been improving for last three years justifying its up move. So UCO is a fundamental and a technical buy with stop loss at around 200 week EMA.

May all be peacefull and Happy.

M.Mahiidar
Enjoying Life
Trend is Friend.

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