UNITED BANK OF INDIA:-CMP Rs.32.50
After the bank posted bad financial result the stock went down sharply and made a low of Rs.23.45 on 21.2.2014 ,it had made an all time high of Rs.150 on 26.10.2010. Technically it seem that it is in the process of bottoming out or may have bottomed out already,so one can start investing the marked fund for the stock in the staggered manner and get concerned only if it breaks Rs.23.45 and stays below that.
REMARKS:- The Bank is here to stay and not going to vanish ,because of bad financial result the stock is available at this rate.The turnaround in financial performance is going to happen in near future.Therefore I feel that one should invest in the stock to fetch good returns in future.Kindly note that the stock may not move -up fast so have patience.
After the bank posted bad financial result the stock went down sharply and made a low of Rs.23.45 on 21.2.2014 ,it had made an all time high of Rs.150 on 26.10.2010. Technically it seem that it is in the process of bottoming out or may have bottomed out already,so one can start investing the marked fund for the stock in the staggered manner and get concerned only if it breaks Rs.23.45 and stays below that.
REMARKS:- The Bank is here to stay and not going to vanish ,because of bad financial result the stock is available at this rate.The turnaround in financial performance is going to happen in near future.Therefore I feel that one should invest in the stock to fetch good returns in future.Kindly note that the stock may not move -up fast so have patience.
NOTE:-1.PRICE STATED
HERE IS OF SPOT MARKET.
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ARE VALID TILL THE STOP LOSS IS TRIGGERED.
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