ING Vysya bank

 Dear All,
ING Vysya bank has been on a downtrend since quite some time. However, the stock seems to be giving reversal signals. The stock has formed a morning star reversal pattern on the candle stick charts. So also, the stock has shown positive divergence on the oscillator charts. Short term, medium term and long term investors can consider a buy with a stop of 135 on a closing basis. A break above 145 can take this stock all the way to 200. With a stoploss just 7 rupees away and a potential gain of 58, the risk return is extremely favourable for this stock.
Warm regards,
Sanat Agrawal