Stocks to watch..

Bank of India --- On the verge of making W.. This can be a good buy if it trades above 320 levels for a target of 330 with a SL of 292...

Allahabad Bank -- On the verge of making W.. This can be a good buy if it trades above 135 levels.. This can be bought for a target of 145 with a SL of 123...

Union bank of India --- Triple bottom at around 206... It looks to be a great buy..

Karnataka bank --- Has made a W.. This can be a good buy for a target of 146 with a SL of 124...

Reliance Capital --- On the verge of making W.. This can be a good buy if it trades above 348... This can be bought for a target of 370 with a SL of 307...

Keep a watch on:
Punjab national Bank
Bank of Baroda
Reliance Infrastructure

 

above 320 levels for a target of 330 with a SL of 292... ?
above 135 levels.. This can be bought for a target of 145 with a SL of 123 ...?
above 348... This can be bought for a target of 370 with a SL of 307...

For all these cases, What's the risk reward ?
I'm unable to figure out.

Thanks
Naveen

 

You can see the charts to figure out the same for you.. In the first case, the reward is Rs. 10/- but the risk is Rs. 28/-... So, its upto you to decide on..

 

bank nifty has made W pattern, so even i'm positive for banking stocks

 

i would also include icici bank in this list