Saturday, July 7, 2012

LANCO INFRA, GMR INFRA, GVK POWER: SHORT TERM TRADE







LANCO INFRA:
  1. Buy at around 15.95 - 16 which corresponds with the Fibo 38.2% retr line
  2. Keep a stop loss at 14.5 closing basis
  3. Target 18.5 in about 5-6 weeks which roughly is the Fibonacci 61.8% retracement level.
GMR INFRA:
  1. Buy at 25-26 (Fibo 38.2% retr level)
  2. Keep a stop loss at 22 closing basis
  3. Target 29.5 (roughly Fibo 78.6% retr level) in about a month.
GVK POWER:
  1. Buy at 14.5-15. (Fibo 50% retr level)
  2. Keep a stop loss at 13.5 closing basis
  3. Target 17 (Fibo 100% retracement level) in less than a month from now.

Note: The time frames mentioned above are rather conservative ones. The stated targets could be achieved earlier depending upon how the macros pan out going ahead.

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