The stock has faced huge amount of resistance around the 136-139 mark. Sustaining above it could give a 15% or more on the stock.
Large Volumes also support an upmove.
The stock has given a breakout today and seems to be headed to 80 +. Reco at 70-71 to clients.
Stocks to watchout for:
Indag Rubber and Chemfab Alkalies look promising on short term charts for a quick move but no dope on the fundamentals of the companies as well as low volumes a concern.
Sugar Stocks have given the first indication of a turnaround and might be headed for better times in next 1-4 months and a good appreciation. For the full article read - http://www.analyseindia.com/analyseindia/readPost.jsp?postid=17
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