ANDHRA BANK - www.ashudutt.com

ANDHRA BANK - SHORT TERM: WEAK, LONG TERM: STRONG, PREVAILING BIAS: STRONG


Unless Andhra Bank gets to 160 and then to 140, the long term charts still look strong. What seems to be happening in the short term is there is some concerted selling of banking stocks by bigger investors. Its never a good idea to average and its specially not a good idea to average if a stock's been falling for a couple of days at higher volumes

You can hold the stock unless it starts to come close to 160. So, perhaps a hold with a stop loss at around 162 may be good for current holdings

http://www.ashudutt.com/