Monday, September 14, 2009

GVK PIL- Pick for the long term

Another one of those juicy charts. A bottom Head and Shoulders pattern. But accumulate only if you are a long term player. Not going to fire in 1 month. But if your holding period is 6 months accumulate slowly (50%) till 46 levels. On a breakout above 51 accumulate another 20%. If the script holds for next 5 trading sessions commit the rest 25%. Stoploss will be 39. Long term target say 4-6 months is 88-90 levels. As far as formation goes there is not much to say. Just see the chart for yourself. You will clearly identify the shoulders and Head. A definite outperformer.

1 comment:

  1. Can u give ur insight on GMR infra....
    Dark cloud

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