Here is a technical chart of Syndicate bank, explained in simple way. I've used here ichimoku Kinko Hyo indicator.

 

 



syndicate bank technical chart report

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

On 16-Nov-2011, Syndicate Bank stock price CLOSES below kumo @100.95, along with Chikou-Span (CS) line. That was the first signal of strong weakness and bearish breakout. It clearly indicates that the price will move much down from here. So, avoid any long position here.

Targets are 96 and then 90.

​Take long position ONLY when it manages to CLOSE above 107.70 and make it a stoploss.

 

 

 

 

 

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Admin November 18, 2011

https://www.investmentkit.com/articles/wp-content/uploads/2011/11/syndicate_bank.gifhttps://www.investmentkit.com/articles/wp-content/uploads/2011/11/syndicate_bank-150x56.gifAdminStock Market18 nov,bank stock,breakout,span,stock price,stop loss,strong weakness,Syndicate Bank,targetsHere is a technical chart of Syndicate bank, explained in simple way. I've used here ichimoku Kinko Hyo indicator.                                           On 16-Nov-2011, Syndicate Bank stock price CLOSES below kumo @100.95, along with Chikou-Span (CS) line. That was the first signal of strong weakness and bearish breakout. It clearly indicates that the...Educating Investors

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