The stock is looking very good on charts and is poised for a breakout. The stock is respecting the green trendline since Mar 2009 plus it is about to give a breakout above overhead red trendline. Buy GVK Pil only if it trades above 44 with a stoploss of 42 on closing basis and look for targets of 47/49 in short term.
Stock View: Alstom projects
The stock is consolidating for the past one week between 595-615 and as a result of which it is looking good on charts. However the stock looks good on short term basis but long term investors also may enter the stock on dips to 560-570. Buy APIL only if it trades above 615-616 with a stoploss of 600 and look for short term targets of 635/650.
Have a nice trading day
Regards
Ankit
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