When a stock breaks out of a range, it often provides one of the best trading opportunity. When that happens on a day when the broad indices are falling, the stock deserves even more attention. The price action of Central Bank highlights this scenario. After a smart consolidation between 209 and 190, the stock has broken out of this range with expanding volumes on a day when Nifty ended 0.75% in the red. This stock is likely to be a mover in the next few days and may be over the next couple of weeks.
Watch out for Central Bank
Indian Market/Stocks
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Oct 212010