Technical Analysis – Bank of Rajasthan
Bank of Rajasthan (Rs 63.6)
Bank of Rajasthan was in the news for all the wrong reasons last week as the company was hauled by both the RBI as well as SEBI, making the stock price plunge 13 per cent in the first three sessions. Despite this sharp yank, the stock held above the key support band between Rs 56 and Rs 58. Investors can continue to hold the stock as long as it stays above Rs 56.
Key resistance for the short term is at Rs 73. Fresh purchases are therefore recommended only on a close above Rs 73.
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