Sharekhan Trading Call

Trading Call
Date: 04/01/2006 | Company Name: RELCAP | Call Type: Go Long
Stop Loss/ Reversal: 435.0000
Buy/Sell Price Rs.: 457.00
Current Price Rs.: 458.30
Potential P/L%: -0.1200
Target: 537
Remark:
Investment Argument: The stock has posted a double bottom at Rs415. It has witnessed a break-out above the medium-term trendline and the trendline is now a support. The 40-DEMA and the trendline at Rs435 are support levels. On the upside the stock could test the Rs473-537 range. Buy the stock with a stop loss of Rs435 for a target of Rs537.