BL KASHYAP & SONS LTD; ALERT

                           


                                  CMP 13.51              BSE 17830

• For the last four trading sessions on the trot, BLK has been closing above the key resistance level of 13.
• The volumes on the Stock have been pretty good and the deliverable volumes on the NSE have been ranging between 60% and 84% wrt last 7 days.  SEE THIS  (NSE Symbol BLK)
• The Q3 results are due on 14/2/2012 which could determine the short term trend.
• The long term trend and tenor on the Charts is positive with the immediate target being 16.
• A close above 16 for a few trading sessions and in the presence of favourable overall Market macros, the Stock will easily take out its target of 20 much earlier than anticipated.

SEE EARLIER CALL ON BLK  DTD 17/1/2012 RIGHT HERE