Wednesday, September 30, 2009

Ansal Properties and Infrastructure

This is the update time. Market has shown no signs of weakening down. Do not hear what news channels have to say or the bast**** appearing in them have to say. All have their kitchen to burn. Some do it by misguiding others. Anyways next in line to stardom is Ansal Properties.
The stock was witnessing downtrend with the market. The stock is now back to winning ways. The stock has formed a pennant formation. The stock witnessed a one way rally from 60 to 82. Thereafter the stock has consolidated for last one month. Last few days have seen a rise in stock again backed with huge volumes. Seems the stock is ready to bounce again after consolidation. Must have in the Portfolio.
The first target for the stock is 105 and then the sequential target is 140. Stoploss is 72.








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