Indian Bank, after improving from a low of Rs.143 toa high of Rs.178, has reacted to a level of Rs.150. Atthe current price of Rs.156.10 it is trading in 4FZONEi.e all the averages are in BEAR PHASE and thecurrent price is placed between short term and mediumterm averages. High risk traders can buy in the rangeof Rs.152-155 with a stop loss below Rs.149 in closefor a conservative upper target of Rs.172 and anoptimistic upper target of Rs.178. Holding periodcan be 6-7 days.
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