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Thursday, 30 May 2013

CORP BANK WITH CHART


Prices have formed an Inverted Head & Shoulder Pattern with Neckline breakout point at 425 level,
creating an upward target of 50points. Closing is maintained above 200DMA level 410. Till closing above
it, looks Buy with strict Stops. Now enter on retracements.
BUY till trades & closes above 425 level with Stop below its previous Support zone, mentioned. Book
Profit near resistance zones.
CMP – 429.
RESISTANCE – 432, 437, 443
SUPPORT – 424, 418, 415

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