Foram_Chheda_CMT

TAJGVK -- Qualifies for a long term buy with target of 310

Long
NSE:TAJGVK   TAJ GVK HOTELS
The stock recently tested its massive Double Top area resistance. These are the levels previously tested only in 2010. We are examining the long term Monthly Charts.

Being slightly overstretched, minor pullback inside the range may be seen. However, a fresh buy signal on Stochastic is seen on Monthly Charts. RSI is seen marking higher bottoms and is seen breaking out from a formation.

A structural long term uptrend will begin if the Stock closes above 205.

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