Watch out for Central Bank

 Indian Market/Stocks  Comments Off on Watch out for Central Bank
Oct 212010

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.

Central Bank - Daily Charts