Punj Lloyd : Buy call for target Rs 100.

by khalid on 30/03/2009 · 0 comments

From the charts of Punj Lloyd, it is apparent that it was on an intermediate-term downtrend from a clear resistance level of Rs 310 encountered in late September 08 to a low of Rs. 66 in March 09. So we recommend a buy in Punj Lloyd stock for a short-term trading
At cmp of rs. 90.35, and a stop loss of Rs. 85 one should try for a target of Rs. 100 in coming sessions. On March 27, the stock gained 10 per cent, accompanied with heavy volume so it is likely to move up.
Best of luck
Happy Trading

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