KALYANI STEELS CMP Rs.68.90 on 14.5.2014 (Invest for 6-18 Months))
SUPPORT:-63.50 / 58 / 57
RESISTANCE:-70.80 / 84 / 95.80 / 119.40 / 128 / 140 / 156.
The stock looks reasonably good fundamentally and technically both . I feel that the stock has bottomed out long time back and now poised for a big rise.Therefore I recommend investment in the stock at current rate and keep accumulating it in a staggered manner.For investor the genuine stop loss would be below 57 but be alert if it breaks 63.50 and closes below this, and get out of the stock if it closes below 57. One can expect 50-75% return in the stock in stipulated time or may be earlier also.
REMARKS:-Invest at least 30-40% of the marked fund for the stock at current price and then put in rest of the fund in a phased manner .Kindly use support and resistance level for exit and target points and for trailing stop loss too.
SUPPORT:-63.50 / 58 / 57
RESISTANCE:-70.80 / 84 / 95.80 / 119.40 / 128 / 140 / 156.
The stock looks reasonably good fundamentally and technically both . I feel that the stock has bottomed out long time back and now poised for a big rise.Therefore I recommend investment in the stock at current rate and keep accumulating it in a staggered manner.For investor the genuine stop loss would be below 57 but be alert if it breaks 63.50 and closes below this, and get out of the stock if it closes below 57. One can expect 50-75% return in the stock in stipulated time or may be earlier also.
REMARKS:-Invest at least 30-40% of the marked fund for the stock at current price and then put in rest of the fund in a phased manner .Kindly use support and resistance level for exit and target points and for trailing stop loss too.
NOTE:-1.PRICE STATED HERE IS OF
SPOT MARKET.
2.RECOMMENDATIONS
ARE VALID TILL THE STOP LOSS IS TRIGGERED.
3.IN FAVORABLE TRADE TRAIL YOUR STOP-LOSSES
FOR MAXIMUM GAIN AND CAPITAL PROTECTION.
Contact me for strategic guidance to enter and
exit the trade
