Uco Bank Technicals.
Posted: 18 May 2011

The stock trading around 95 rs and might be a short term buying opportunity

As per below chart you can see a major trend line and 20 month average placed around 88-90.

Consider investing for a short term around those levels with 5% closing stop loss from your buy price.

For a while Uco in a range of 90 to 120 levels.

It's a very good bet for short term and long term investors if we see a 15-20% correction below 88-90 levels.

Keep a watch

Article by: Mr. Chandrasekhar Gunturu
Website: moneyvistascapital.com