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Wednesday, May 18, 2011

Uco Bank Technicals


    • The stock trading around 95 rs and might be a short term buying opportunity
    • As per below chart you can see a major trend line and 20 month average placed around 88-90.
    • Consider investing for a short term around those levels with 5% closing stop loss from your buy price.
    • For a while Uco in a range of 90 to 120 levels.
    • It's  a very good bet for short term and long term investors if we see a 15-20% correction below 88-90 levels.
    • Keep a watch


Disclaimer : No positions in above stocks