KEC INT'L; STOCK TRACKER

CMP 65.75                  BSE 17597

• In my last Post on the scrip dtd 1/3/2012, I had given a strong support indication at 55-57 range.
• It is pleasing to note that the said support zone has stood strong. In fact, 60 closing basis has not been violated since 1/3/2012.
• In the past few sessions the scrip has been closing above 62 levels and now seems set to take out target 66.
• I would like to see a few closings on the trot above 66.
• The Charts are absolutely positive and so are the FUNDAMENTALS, relatively speaking.
• I reiterate the Stock safe buy zone as 55-62 and the medium term target of about 83.

SEE EARLIER POSTS ON KEC RIGHT HERE