Expecting all PSU banks can perform exceptionally, looking after all reforms happened in present government.
Keep invested in Allahabad Bank for potential gains in near future. It is expected give good returns in coming years.
One can invest in Allahabad Bank for target of 100 & 130. SL below 50.
Flag formation is observed on daily chart. Wait for the price to break the upper trendline . TGT 110. SL 82.5
Disclaimer: I am a novice at charting and this chart is for educational purpose only. Views and opinions are welcome
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