-> The stock has been our favorite from the times of 700/1100 levels and so on. The long term trend continues to be strong with a pause for last 6-8 months with a few tops at 1900-1950.
-> In the short term one can expect a move towards 1950 till it holds 1800. Will see some momentum above 1870.
-> But what will be interesting is whenever it starts a fresh breakout above 1950 which can give a cool 10-20% move. In dips 1700-1750 has been a good support in current market conditions which is a positive sign.
Will keep a watch on this stock in coming weeks for some momentum trades.
Technical Trades – May 2014.
-> Technical View on Nifty
-> Technical View on Bank Nifty
-> High Risk High Return Small Caps ( Pharma and Infra Space )
-> 7 trading setups with short and medium term view.
-> Follow up on 3 additional trade setups already shared with pre-order subscribers.
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