KEC INT'L LTD; ALERT

                                               CMP 61                BSE 18289

• The Scrip has been consistently closing above a resistance level of 59 for the past ten odd sessions.
• I am now looking for a few closings above resistance at 62 for the Scrip to take on the next leg of the upmove.
• A few closings above 62 would take the scrip to 66 levels.
• A breakout above 66 would in all likelihood take the Scrip to around 83 levels in the medium term.
• The above call assumes a positive macro Market trend.
• For positional traders the above Call may be of use.
• For long term money the Stock still remains a BUY
• The added positive is that the Q3 FY2012 results were relatively good and the base fundamentals will improve in an easing Rate scenario.

EARLIER CALL ON KEC DTD 14/1/2012  SEE HERE