Hi,
Hold on to this stock. There is something cooking in this counter and it has been included in the model portfolio by Morgan Stanley. The quarterly results are good and i am expecting this stock to touch Rs.70 before the end of this year. This could be a low-risk and good return stock at the current level. If you are still nervous with this stock you can exit it at around Rs.53 levels (which seems to be immediate resistance level to this stock) and can enter some other good company.
Siva
Hi
as of now chart does not speak of any insider/knowledgeable trading which occurs when positive news are about to break out.
All the indicators are falling RSI,MACD,OBV are all going southwards .
If there is something cooking in the counter , I should be able to see that in the charts.
However , if it falls below 44.2 and then pulls back , we can expect 52/54 levels. at which point , one could take the oppurtunity to get out.
But , I just cannot understand the fancy for this stock , when so many good stocks are there giving high returns of 100% per year.
Is it attracting investors , just because , investors find it cheap?
However , this is an excellent trading stock , if knows how to do it.
sagi