Allahabad Bank
SECTOR: BANKING & FINANCIAL SERVICES | INDUSTRY: BANKS
NSE: ALBK
As of 23 May, 2013 03:59 PMBSE: 532480
As of 23 May, 2013 03:59 PM
Allahabad Bank(ALBK)- reversed to a column of Os. The trend is negative and the technical attributes for the stock are 0 of 5. We like to see at least 3 technical attributes for long positions but ALBK only has 0 Although the charts has reversed to Xs it is still on a sell signal. It will take a move to 132 to put the chart on a buy signal and we would look for that along with improvments in the technical attributes before considering any long position. Support on the chart is at 122.000 and there is resistance on the chart is at 130.00.
ALBK has a poor technical attribute reading at 0. The trend is negative and the trend chart is currently on a sell signal. It would take a move to 140 to move the chart to a buy signal. We would not consider positions in ALBK here. There is resistance at 138.00 and support at 122.00.
Allahabad Bank(ALBK)- reversed to a column of Xs. The trend is negative and the technical attributes for the stock are 0 of 5. We like to see at least 3 technical attributes for long positions but ALBK only has 0 Although the charts has reversed to Xs it is still on a sell signal. It will take a move to 140 to put the chart on a buy signal and we would look for that along with improvments in the technical attributes before considering any long position. Support on the chart is at 122.000 and there is resistance at 138.00.
The information found on Stockezy.com Web Pages has been prepared without regard to any particular investor's investment objectives, financial situation, and needs. Accordingly, investors should not act on any recommendation (express or implied) or information in this report without obtaining specific advice from their financial advisors and should not rely on information herein as the primary basis for their investment decisions. Information contained herein is based on data obtained from recognized statistical services, issuer reports or communications, or other sources, believed to be reliable. However, such information has not been verified by Stockezy Social Media Private Ltd.(Stockezy) or Dorsey, Wright and Associates, Inc.(DWA) and DWA makes no representations or warranties or takes any responsibility as to the accuracy or completeness of any recommendation or information contained herein. DWA and Stockezy accepts no liability to the recipient whatsoever whether in contract, in tort, for negligence, or otherwise for any direct or consequential loss of any kind arising out of the use of this document or its contents or of the recipient relying on any such recommendation or information (except insofar as any statutory liability cannot be excluded). Any statements nonfactual in nature constitute only current opinions, which are subject to change without notice. DWA or Stockezy, or their respective affiliates or their officers, directors, analysts, or employees may have positions in securities or commodities referred to herein, may act as a market maker, and may, as principal or agent, buy and sell such securities or commodities. An employee, analyst, officer or a director of DWA or Stockezy, or their affiliates may serve as a director for companies mentioned in this report. Neither the information nor any opinion expressed shall constitute an offer to sell or a solicitation or an offer to buy any securities or commodities mentioned herein. This document does not purport to be a complete description of the securities or commodities, market or developments to which reference is made. There may be instances when fundamental, technical, and quantitative opinions may not be in concert. DWA or Stockezy, or their respective affiliates may from time to time perform investment banking or other services for, or solicit investment banking or other business from, any company mentioned in this report.
All Information available through "stockezy.com" is the property of Stockezy Social Media Private Limited or its Information Providers and is protected by copyright and intellectual property laws. All rights reserved.
You may not reproduce, retransmit, disseminate, sell, publish, broadcast, or circulate the Information without the express written consent of Stockezy Social Media Private Limited. You are entitled to use the Information it contains for your private, non-commercial use only.


Add to my Watchlist
Add to Portfolio
Submit a Stock Pick
Ask a Question