Thursday, October 6, 2011

Gitanjali Gems Ltd

                                                                      Gitanjali daily chart (click to zoom)
  Gitanjali on daily chart in strong uptrend and this uptrend is likely to continue till it reaches the level of 380. It is also trading above all its key moving averages. While nifty is still below its 20, 50, 100 & 200 DMAs.
Accumulate the stock for target of 380 with stop loss 330.
CMP as on 5th oct 11 is 349.