Another example of why you take a huge risk when you purchase a stock which is trending up against all odds. Yes Bank was one such story. All the conventional technical analysts of the world would have suggested this should be part of your core portfolio if you are a technical trader. One would say there is a stoploss to protect you. But wait a minute - before you can get off the car, it is already deep in waters. So why I am saying all of this. Just to make a point that now is the time when one can reap some gains through lower risks. The stock has fallen off the cliff and is now ranging on levels which are extremely oversold. The stock should find adequate support around this area. Buy with a stop of 250.
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