Budget 2012: 5 Stocks to Watch Out
Syndicate Bank
In spite of running up tidily from 68 to 121 in a period of just six weeks, the stock maintains to display strength. The stock is now trading above the 200DMA and has dealt with to take a support near the 200DMA at 104 in the previous week. Momentum pointers propose that the rally could continue and take the stock higher up to 123 in the short period. The stock can be accumulated between 100 and 110, keeping a stop loss at 94.
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