Syndicate Bank

Syndicate Bank at a make or break level.  Syndicate bank closed today @ 98.25. It is testing these levels 3rd time in about last three months. First time on 27-march it made a low of 95 and closed at 99.75. Second time 28-April it made a low of 97.2 and closed at 99.45. Two months after that yesterday on 29-june it made a low of  96.35 and closed at 97.8. If this time also it can survive this level it will confirm a triple bottom and earlier both times it made higher highs shown by blue trend line. If it goes higher from these levels it can go upto 121 levels. Even if this does not happen the stock can still go upto 101-105. The stock is at the lower end of Bollinger bands. The stock is a risky bet because below these levels next support is around 76 levels. But risk can be taken for a quick gain. Short term traders can buy and keep a stop loss below the lows of 29-June(96.35) say around 96 and play for a target of 101-105. 

Dislosure: I am holding the stock in cash market.