Sunday, February 27, 2011

Allahabad Bank -A MultiBagger,Buy/sell/hold,growth prospects and recomendation,news and results,target price and analysis,views and outlook


Allahabad Bank closes at 197.50 on 25 Feb 2011 with formation of white Candle on Daily  Price Chart. Technically   Allahabad Bank  is  in Uptrend Trend  on Daily price chart . After Analyzing the Volatility Skew for   Allahabad Bank, we find the Calls are Gaining  Momentum compare to Puts. It may emerge as a Multi-Bagger in   Next Few Months.
We Recommend to Accumulate Allahabad Bank at CMP
Target-220/238
Time Frame- 1 months
Stop-Loss -  190
The Author is Founder Member & Sr.Technical Analyst  at M/S Durgapur Holdings.
Source: www.niftynext.com (Trading without Technicals  is Trading without Direction)

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The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip. www.niftynext..com does 't take any Responsibility for any losses arising from using the Stocks Recommendations.
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