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Buy ALBK above 74
Buy allahabad bank.
It has shown a rebounce from confluence levels
Buy wit targets for 79,82,86
Analysis based on fibs
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
moving slowly but steadily .
breakout at 72, 2nd breakout confirmation on 75.
buy with 75 sl for 87
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Please share your view....
Channel bottom plus golden ratio. Good risk reward entry
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