Buy Allahabad Bank around Rs 202: Sundar Raja

Buy Allahabad Bank around Rs 202, says Sundar Raja, Technical Analyst.

Raja told CNBC-TV18, "Allahabad Bank has seen a strong breakout on Thursday and Friday. We have seen a natural pullback technical reaction. Stock is still above the support levels, which indicates that the stock is clearly seeing an uptrend. One can buy the stock at the support of Rs 202 with a stoploss of Rs 199 and a target of Rs 206."