Short Term BUY SBBJ (BSE: 501061)

Analysis:

• Stock has made 52 week high of 501.95 (2^nd January 2013) & 52 week low of 307.20 (20^th Aug 2013)
• There is an intersection of two trendlines which are very unique in nature and suggest bullish bias.
• Momentum oscillators like RSI, stochastic and ADX suggest buy signal.
• As per MACD analysis there is a bullish crossover suggest positive signal. 

Strategy: - Buy & accumulate State Bank of Bikaner & Jaipur (SBBJ) 320-315 possible Target- 350 with stop below 308 on closing basis. (2-15 days)