Technical Analysis of Indian Equities by Nooresh

Smartlink Network Systems – Breakout with huge volumes.



Smartlink Network Systems ( A cash bargain which we have been liking as a safe and defensive bet for a year or more now ) read this earlier article -


The stock saw a huge volume tick today after a long time with price breaking out above 55-57 resistance.


The promoter has been increasing stake consistently and now stands at 73.4%. Good dividend policy and huge cash on book gives a lot of comfort to add on to the stock with a long term view.


Disclosure: Remains a core portfolio pick since 42/45/48 and was added today at 55-57 levels.


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Article by Nooresh Merani

Nooresh has written 2807 articles.

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