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State Bank of Mysore Technical chart | 04-Dec-2011

Below is the quick comments on technical chart of State Bank of Mysore, listed on Indian stock market, with Ichimoku Kinko Hyo indicator.

State Bank of Mysore Technical chart
State Bank of Mysore Technical chart


The chart clearly indicates a short term trading opportunity as the price was moving downward but Kijun-sen line was flat. As a result, the price is moving upward to "kiss" kijun-sen line. 

So, one can buy the stock at current levels for the target of 508.80 in coming days. Make a stop loss of 447.60.

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