Thursday, December 4, 2014

Corporation Bank:-Rs.336/- Corporation bank has been consolidating around 200 day EMA for last four months and it seems of lately it is making attempts to move up from current levels that too on healthy volumes suggesting that it has all the intentions of moving up from the current levels.The stock has moved above 200 day EMA in April 2014 then rose nearly 50% and then started to correct came back to the 200 day EMA consolidated there for four months and then not making attempts to move up from current levels. Now the margin of safety is very high as the stock loss can be put Rs.304 and upside chances are very high. 

May all be peaceful and Happy
M.Mahiidar
Enjoying Life
Trend is Friend.

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