LONG ALLAHABAD FOR 63.6 / 66 WITH STOPLOSS 57 BELOW
Buy ALBK above 74 T1: 80 T2: 84 T3: 88 SL: 71
Short ALBK at CMP SL: 78 Target1: 64 Target2: 58 Target3: 50
Allahabad bank broke out of symmetric triangle and closed the day above it. Go LONG with target of 88 with stop loss of 68
ALbk has broken its consolidation move and also has broken its upper high !! The way Banknifty is performing, we expect psu banks to once again rally !! Keep a stop loss of 83 -- go long for 98 targets -- time : By end of september or before ! ! Bias: Personal position as well in both cash and F&O. Expecting 90 within a day or by tomorrow