Monday, March 12, 2012

GVK POWER & INFRA LTD; STOCK TRACKER



          CMP 18.85                         BSE 17587

  • On 6/3/2012 and 7/3/2012, the Scrip closed below critical pivot levels of 17.4, touching intraday lows of 16.05 and 16 on the two days respectively.
  • However, thereafter the recovery has been very strong and the Charts, at the moment, I daresay look even better than LANCO INFRA's Charts.
  • Short term target 20 seems to be very much on the cards.
  • For long term investors the Stock remains a BUY at CMP and ADD more on dips in the 15-16 range, were one to get them.
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