Thursday, September 20, 2012

oriental bank of commerce breakout

As shown in chart, orient bank has resisted many times to 200 dma. on monday, it has broken major hurdle with good volumes & ready to move higher. supports are seen at 276 & 263. one can initiate buying at these levels. SL is little bit large i.e 253.
stock can move upto 297, 308, 319
CMP 285
P.S : buy this stock only when it comes down to given support levels. This stock is only for long term investors