Stock on Watch – ING VYSYA BANK

ING VYSYA BANK

 

Technical View on ING VYSYA BANK

 

-> The stock has made multiple tops in the band of 650-670.

-> Can term it to be a cup and handle or a triangle.

-> A confirmation of a breakout will be when volumes pick up and price crosses and sustains 670.

- > A pre-emptive buy can be initiated at 600-620 with a stoploss of 580. Only if one is ready to risk the stoploss.

 

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Nooresh Merani

www.analyseindia.com

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nooreshtech@analyseindia.com

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