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Corporation Bank & Allahabad Bank

Discussion in 'Fundamental Analysis' started by naveen1241, Apr 15, 2013.

  1. naveen1241

    naveen1241 Responder

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    Hi All,

    How does the Coroporation Bank & Allahabad Bank from the banking sector look like from valuation perspective ? Dividend history as well looks okay.

    May not be digestible/acceptable for the large percentage of pure technical fans out here. But views from all are welcome.

    Thanks
    Naveen
     
    naveen1241, Apr 15, 2013
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  2. shabbir

    shabbir Administrator Staff Member

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    I think we should wait for some more time because it is forming bottom technically which means that fundamentals at those levels may become good over time.
     
    shabbir, Apr 15, 2013
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  3. vishuhd1

    vishuhd1 Member

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    Allahabad bank has formed a good W pattern and has given buy signals.. Refer to my thread in the Technical analysis forum for targets and SLs..

    Corporation bank is still forming a base and as Shabbir said, we should wait for some more time to take position..
     
    vishuhd1, Apr 15, 2013
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