Allahabad Bank-125/-

Allahabad bank has moved above 200 week EMA in may june 2014 and there after corrected for three months and came down and move below 200 week EMA and now moved above it indicating strength of the bulls. Its a perfect technical set up and has chances of making a new 52 week high in weeks to come. So it becomes a buy with Stop loss at 110. any close below 110 would indicated weakness on weekly charts.

M.Mahiidar

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