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Allahabad Bank

Discussion in 'Technical Analysis' started by drsuraimardi, Jul 8, 2012.

  1. drsuraimardi

    drsuraimardi New Member

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    Dear Shabbir
    What's your view on ALBK ?
     
    drsuraimardi, Jul 8, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    It has formed a Perfect W in 9 months chart and so with a stop loss of 125, you can go long on this stock.
     
    shabbir, Jul 8, 2012
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  3. drsuraimardi

    drsuraimardi New Member

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    Thanks Shabbir for your prompt reply.I have bought 500 shares of ALBK @153 and am planning to get out of this stock whenever it reaches its 52% fib(162) or 61.8%(173). And if this stock moves above 159.5(R3) I will place stoploss at 158
     
    drsuraimardi, Jul 8, 2012
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