indiamarketoutlook
Long

GVK Power: Will it be 3rd time lucky...Will it breakout...???

NSE:GVKPIL   GVK POWER & INFRAS
GVK Power
CMP 21

- The stock is currently at 5 year resistance level

- Sustaining above 21 opens up potential for a move towards 30-33 zone and 40 levels

- RSI though suggests overbought conditions

- so there is an alternative scenario where the stock may see some correction

- and if in that correction the stock manages to hold 16 odd levels then there will be a case to come back stronger and take out the 5 year resistance and head higher


So Plan your trade accordingly...!!!

Take care & safe trading...!!!
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