Wednesday, June 11, 2008

Triveni Engg Buy in Dips CMP: 92.15 Tgt: 99-102

The daily candlestick chart of Triveni Engg shows a vertical decline from Rs.131.50 to
Rs.83.90. Short term trend is down with strong support around Rs.82. High risk
traders can buy in small quantities preferably in declines around Rs.88-90
with a strict stop loss below Rs.84 in close for a pullback to Rs.99-102 in the
next 7-8 trading sessions which if sustained on volumes can test Rs.108 in
the short term.

* It’s an anticipatory call Avoid gap openings and trade in cash.

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