Buy ING Vysya Bank around Rs 415-440: AnandRathi

AnandRathi is bullish on ING Vysya Bank and has recommended buy rating on the stock with a target of Rs 510 in its October 15 2012 research report.

“ING Vysya Bank has formed a rounding bottom formation on weekly charts thereby suggesting strength in the counter.Volumes have been good in the stock an dit now looks good to go past its all time high of Rs.444 in the near term above which our MTT target of Rs.510 could be seen within the next three months or so.ING VYSYA is trading above major moving averages 200DMA at 357,100DMA at 374 and 50 DMA 389 & the 200WMA at 299 levels. We are bullish on the stock and we recommend our valuable clients to buy the stock on dips and accumulate the stock,” says AnandRathi research report.

Public holding more than 90% in Indian cos

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