Below is the quick comments on technical chart of State Bank of Mysore, listed on Indian stock market, with Ichimoku Kinko Hyo indicator.

 

 



 

 

The chart clearly indicates a short term trading opportunity as the price was moving downward but Kijun-sen line was flat. As a result, the price is moving upward to "kiss" kijun-sen line. 

So, one can buy the stock at current levels for the target of 508.80 in coming days. Make a stop loss of 447.60.

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Admin December 4, 2011

https://www.investmentkit.com/articles/wp-content/uploads/2011/12/State-Bank-of-Mysore.gifhttps://www.investmentkit.com/articles/wp-content/uploads/2011/12/State-Bank-of-Mysore-150x70.gifAdminStock MarketIchimoku,Ichimoku Kinko Hyo,state bank of mysore,technical chartBelow is the quick comments on technical chart of State Bank of Mysore, listed on Indian stock market, with Ichimoku Kinko Hyo indicator.         The chart clearly indicates a short term trading opportunity as the price was moving downward but Kijun-sen line was flat. As a result, the price is moving...Educating Investors

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