Tuesday, March 25, 2014

What will Canara Bank do (Technical Analysis Mumbai India trading)?

Today (25th March 2014) our Technical Analysis has figured out one of the stocks from Banks Public sector named Canara Bank.
Reasons for this pick: -

1] Tested support trend line from 4th March 2014 to 25th March 2014.
 
2] Stochastic showing in oversold Territory. 

3] Flat RSI: Here in the following image you can see that RSI is flat and having more chances to move in upward direction.

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