Monday, March 5, 2012

GVK POWER & INFRA: UPDATE


          CMP 17.65               BSE 17362

  • Bad day at the Bourses for high Beta and GVK too suffered.
  • Stock touched an intraday low of 17.55 before closing at 17.65, down 3%.
  • Remember the fulcrum closing levels of 17.4; a close below 17.4 could open out a short term down spiral to 15.5.
  • However, continued closings above 17.4 would amplify the uptrend confirmation, in which case next target 20.
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