Dena Bank Technical Chart | 05-Dec-2011



 

Here is a technical chart of Dena Bank, listed on Indian stock exchange, with Ichimoku Kinko Hyo indicator.

 

  

 

On 05-May-2011, the price of Dena bank closed below kumo @94.85, thus giving bearish breakout. It started its downward journey from there and touched the low of 602. on 24-Nov-2011.

At this stage, the kijun-sen line is flat and in the short term, the price can kiss that level viz. 71.44. One can use this trategy for profit in short term.

READ  Updates on IFCI & NTPC Technical Charts



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