Wednesday, September 29, 2010

When money making becomes so easy, then expect a fall is round the corner.... 6150-6200 is the next major resistance zone

 
Stock View: Garden Silk Mills

This is a daily chart of Garden Silk and as you see the stock is nearing its previous top zone of 95-96 again ( shown by blue zone ), after consolidation between 85-95 for few weeks the stock is looking good for a breakout above this resistance zone. Buy Garden Silk Mills only if it sustains above 94.5-95.5 with stop of 90 on closing basis and targets 105/120 in short term..


Have a nice trading day

Regards

Ankit

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