CHART ANALYSIS – ALLAHABAD BANK

Dear All,

As I have already told you that PSU Banks are looking good for short to medium term and given my “BUY” recommendation on “ORIENTAL BANK OF COMMERCE”.

Now another setup has come that is in “ALLAHABAD BANK”.

I have done a chart analysis so one can able to learn.

There is falling wedge pattern + double bottom confirmation+ OI Build up (9%)

Daily Chart of ALBK is attached below for your reference.

Daily Chart

BUY – ALBK above 74 for Target 80-85-90!

Cheers

Sid

Disclaimer

Above Views are only for Educational Purpose. Equity, Commodity & Currency Trading has large potential rewards, but also Large Potential Risk. You must be aware of the risk and willing to accept them in order to invest in the markets. Don't trade with the money you can't afford to lose. This page is neither a solicitation nor an offer to acquire/sell any script. Please consult your financial advisor to take appropriate investments as per your risk profile. The past performance of any investments is not an indication for future returns.

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