Thursday, February 9, 2012

GVK POWER & INFRA LTD; ALERT



CMP 17.15          BSE 17830

  • Ever since 1/2/2012, the Stock has consistently closed above resistance level of 16.55 and now seems ready to take out the next resistance level of 17.2 on a closing basis.
  • Consistent closings above 17.2 for some sessions will see the Stock move towards a target of 20 approx.
  • Q3 results on 14/2/2012 would have some bearing on the Stock specific sentiment but barring a real howler, the uptrend seems very much intact.
  • Long term investors should remain invested.
SEE EARLIER POST DTD 14/1/2012  RIGHT HERE
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