ALLAHABAD BANK
- Stock moving up from golden ratio support, will favor bulls once closes and stays above 128, Intraday bull action can be see once Allahabad Bank holds above 128 during trading hours.
- Stock moving in a range, and also above 100 DMA, once breaks its range of upper side @ 128 and holds above then some action is expecting.
- Stock major indicator "MACD" and "Stochastic Oscillator" is moving in +ve zone, some further price improvement can be seen as per trend indicators.
- As per monthly chart, Allahabad bank moving in a down channel formation, once closes and stays above 150 then stock to favor short-long term traders.
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