This stock has fallen more than 18% yesterday and also today it is following yesterdays trend again down 5%. We see that the fundamentals don’t change in the stock as company has been continuously growing in past few years. Also the stock has been very bullish since April 2009, Looking this as a opportunity to buy this stock at huge discount. We will strongly recommend you to enter this stock near 1005 level for the short term target around 1124 and 1186. Stop loss should be placed below 899 level.
About Bhaveek PatelBhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.
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