CORPORATION BANK (314.25)
WILL IT BREAK THE BARRIER BIG RALLY...
(click on the charts for better view)
Yesterday and Today this stock resisted at the 200dma level of 320, i think this is the best stock to go short if it fails to cross the 320 level. In daily charts ( 1 year) upto mid-may the stock was well and above the 200dma, but in mid-may it got broken the jinx low found at 205 in mid-july. Now back to test the 200dma. The resistence comes at 338-360-390-410-435. And the support comes at 312-288/282-260. RSI is the only indicator which is in overbought position. Looks good only cross above the 200dma.
WILL IT BREAK THE BARRIER BIG RALLY...
(click on the charts for better view)
Yesterday and Today this stock resisted at the 200dma level of 320, i think this is the best stock to go short if it fails to cross the 320 level. In daily charts ( 1 year) upto mid-may the stock was well and above the 200dma, but in mid-may it got broken the jinx low found at 205 in mid-july. Now back to test the 200dma. The resistence comes at 338-360-390-410-435. And the support comes at 312-288/282-260. RSI is the only indicator which is in overbought position. Looks good only cross above the 200dma.
posted by Naveen Pantera at 9:15 PM
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