mister_singh_0110

MTNL : Finally out of Blues?

NSE:MTNL   MAHANAGAR TELEP NI
1. MTNL has given a stellar upmove of 30% in last 1 week on the rumours of it being privatised.
2. It's currently at strong resistance and also has a strong support @15
3. I would advise to wait for some correction to re-enter around 15 levels or let it cross previous peak i.e. enter again 30+. Till then it's risky to enter in the middle of the move.

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