Saturday, 12 April 2014

Trading and Investment Idea(April-14/Article-3)

BANK OF MAHARASTRA:-CMP Rs.39.10


The stock seems good for trading as well as for investment for a time period of  6-18 months.The supports and resistances for the stock are given here under:-

SUPPORT:- 37.50 / 35.70 / 29

RESISTANCE:- 41 / 42.95 / 46.40 / 58.60 / 62 / 66.20

FOR TRADING:-Buy now at current rate with a stop loss of below  Rs.37.50 for a target of  41 / 42.95 / 46.40 ,for 8-10 trading days


FOR INVESTMENT:- Invest at current rate but be alert if it breaks Rs.34 and get out of the stock if it closes below Rs.29/ .The stock is not expected to break even Rs.34 and can fetch you handsome return and may get double from the present level.

REMARKS:-  Good Investment

NOTE:-1.PRICE STATED HERE IS OF SPOT MARKET.
          2.RECOMMENDATIONS ARE VALID TILL THE STOP LOSS IS TRIGGERED.
          3.IN FAVORABLE TRADE TRAIL YOUR STOP-LOSSES FOR MAXIMUM GAIN AND CAPITAL PROTECTION. 


 Contact me for strategic guidance to enter and exit the trade


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