11724 Funda pick
Reason for long
a) Reasonably valued stock
b) Consolidation breakout possible for upside
c) Duration 6 months to 1 year and it may move very slowly upside
d) Volume accumulation may continue for another 3 month also
e) Downward channel divergence and now horizontal consolidation for another 1 month
f) SL compulsory
a) Reasonably valued stock
b) Consolidation breakout possible for upside
c) Duration 6 months to 1 year and it may move very slowly upside
d) Volume accumulation may continue for another 3 month also
e) Downward channel divergence and now horizontal consolidation for another 1 month
f) SL compulsory
Note
Short term trades 2 to 3 percent very good returns.
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