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Had been waiting for this for sometime now..
Triple divergence on the chart..
Could be an interesting junk cap to keep an eye out on... #watchlist.
Buying GVK for short term trade with SL as 13.5% for targets of 20% and 30%.
- 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 ...
Symmetrical Triangle on GVK Power - chances of upmove
Buy GVK Power and Infra at CMP