Andhra BankSECTOR: BANKING & FINANCIAL SERVICES | INDUSTRY: BANKS
BSE: 532418As of 24 May, 2013 04:00 PM
ANDHRABANK 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 95 to move the chart to a buy signal. We would not consider positions in ANDHRABANK here. There is significant resistance at 94.00, the bearish resistance line and there is not any recent support left on the chart.
Andhra Bank (ANDHRABANK)- was just added to the Dorsey Wright Sell on Rally report. This stock is trading in a negative trend and its relative strength reading on a short term basis is weak. The stock is also on a sell signal. ANDHRABANK is not a stock we would be looking to initiate a position in and would consider using this recent rally to exit positions. There is significant resistance at 94.00, the bearish resistance line and support is at 90.00.
ANDHRABANK 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 95 to move the chart to a buy signal. We would not consider positions in ANDHRABANK here. There is significant resistance at 93.00, the bearish resistance line and support at 91.00.
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.
|Quarterly Result - 2nd May 2013|
|Final Dividend of Rs 5.5 - 27th Jun 2012|
|Final Dividend of Rs 5 - 11th Jul 2013|
|Dividend Yield - 6.28%|
Last Updated at Fri, May 24, 2013, 07:18PM IST
|Avg BUY Price||Avg Target on upside|
|Expected Change||View all BUY Picks|