RECOMMENDATION - BUY AT CMP
TARGET - 258 , TIME -2 MONTHS
=>The stock experienced a sideways correction from Oct 2010 to March 2011. Post this lackluster move, the stock has shown signs of positive activity by breaking out to new highs with good volumes.
=>Post the breakout, the stock has been languishing and trying to digest the swift upmove in mid April. Tapering of volumes during this resting stage is a distinct positive and hints at the impending upside surge very soon.
The positive view stands intact as long as the stock trades above 180 on a closing basis. Below this level, the perceived bullishness may not fructify.
Disclaimer : The recommendations mentioned herein are for educational purpose only. One should not take buy/sell decisions based on the above analysis which is prone to errors. The author does not undertake any liability whatsoever arising out of profits/losses accruing from using the above analysis.
POST YOUR COMMENTS / QUERRIES HERE
No comments:
Post a Comment