The attached monthly chart of Dev. Credit Bank, indicates that it is ready to break out of a triangle - once it trades above Rs. 44/= during Oct 2012. Considering that it is ready to break out, it would also be good idea to invest even on declines with stop loss of Rs. 40/=.
On the way up, it will find resistance at 53 - 60 and 64. As indicated on the chart, 91 will be a strong resistance area and triangle target, however that will take some weeks/months.
With Best Wishes,
Ketan Asher.
