Prithvi Information Systems

Prithvi Information Solutions (Rs. 370) The stock has created a solid long-term base in the region of 300-340, which will act as a support zone during any correction. It has the potential to get back to its all-time high of 460 and even surpass it by a wide margin even as the downside is restricted. This makes the risk/reward scenario well in favor of the bulls. Some of the volume indicators hint at possible accumulation by the stronger hands in the last few weeks. A reversal H&S pattern can also be spotted with near perfect features. The daily RSI indicator has reversed from close to the OS line last week and seems to be heading towards the OB zone once again. STRATEGY: Buy in the region of 367-372 with a stop loss below 338 for a short and medium-term target of 405 and 450 respectively.

Support: 349 and 340 Resistance: 384 and 406