CMP: 80.55
Tgt: 95-98
The monthly candlestick chart of Allahabad Bank shows a sharp decline from
Rs.143.70 to Rs.70.65. The short term oscillators have reached oversold zone and
hence a chance of a pullback. One can gradually buy at current levels as well as
in declines at Rs.74-76 with a strict stop loss below Rs.71 in close for a target
of Rs.95-98 which if sustained Rs.107 in the coming 4-6 weeks.
* Avoid gap openings and volumes are less hence trade in small quantity.
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GNFC Buy
CMP: 152.65
Tgt: 168 & 182
The daily candlestick chart of GNFC shows that it is oscillating in an upward sloping
channel in blue. Support is pegged at Rs.145 which if holds can test Rs.168 and
Rs.182. One can gradually buy at current levels as well as in declines at
Rs.145 with a strict stop loss below Rs.138 in close for a target of Rs.168
which if sustained Rs.182-188 in the coming 6-8 weeks.
* Avoid gap openings and volumes are less hence trade in small quantity.
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