Central Bank-64.45/- the stock seems to have moved above 200 day EMA yesterday with a good green candle. the stock has moved above the 200 day EMA in May 2014 made a high at around 88 levels and then again came back to test the 200 day EMA and started to move up again a perfect technical set up for a buy, one of the positive things is that the the margin of safety is high, the stock can be bought at current price with stop loss at recent lows of 58 nearly 10% down fall. one point to be noted is that the previously in june it found resistance at 200 week EMA and currently the 200 week EMA is around 75 levels, so any break out above 75 would  be a very very good news for bulls where in it can easily move to make a new high.

All be happy and peace

M.Mahiidar

Enjoying life

Trend is friend.