Lakshmi Vilas Bank is sideways since 2 months and the volume has constantly lowered. Coupled with other indicators, there are signs of a big move soon.
All increase in volumes have been during spike-up in price of Lakshmi Vilas, as is visible in the above chart. So if volume suddenly goes up, the swing could be upwards.
Lakshmi Vilas can be purchased on 25 Oct 2010 around 130 price levels, with a target of 140 - 145 and stop loss at 124. Alternately, the stock can be buy n hold with proactive trailing of stop.
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