Vijaya Bank

Vijaya Bank

Sector BANKING

broken resistance, as defined by bollinger bands , with good volume on 30/11/2012. This could mean a good up move is imminent.

Share witnessed a sharp jump in price coupled with rise in volume on 30/11/2012. This may mean that a strong buying interest is in the stock and momentum traders may want to enter for quick gains. Stock has jumped by more than 10% in last two weeks & 25% in last three Month. Macd line has crossed over Signal line on 27/11/2012 . This may mean that the share may be trending. It could be a buying opportunity if other indicators are supporting the move. Pattern - Channel - Rectangle. Validity of this pattern is atleast for duration : 26/10/2012 to 27/11/2012.

Keep add in to Portfolio.

Demand Area of 56-53.50 SL 46

In coming week headwind for it’s

LONG TERM TGT 77-91.