CMP 1136; The stock after hitting recent highs went into sideways consolidation and now again gearing up to break the upside range. For me i would risk it on Long side and Target 1236 with a strict stop of 1110(closing basis).
NOTE-->Posting this on request of one of my readers.
Fundamentals-
1)A small-growing company in the space of electrical engineering and electrical products.
2)Companies financials are improving but are NOT spectacular.(Here onwards it can be a turnaround story because company has recently turned profitable)
3)The financial trend of the stock is quite...
Amid alot of technical attention this stock has gathered, would want this stock to break out from the range of 1165-1195 on a closing basis above which a big break out shall be on the cards!
