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| ADITYA BIRLA NUVO MONTHLY |
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| TTML MONTHLY |
WISHING YOU A VERY HAPPY & PROSPEROUS NEW YEAR.
TTML:
TTML is a telecom provider and this sector is known for all that can go wrong for the past couple of years. This stock has been trading @ Rs. 11.40 after being beaten down for the past 49 months. From the attached monthly chart, you will observe that this stock has been trading just above Rs. 10 for the past 3 months. More importantly, you will observe that it is now poised to cross the trend line when it starts trading above Rs. 12.30.
Considering that the other items of this sector (Bharati, Idea etc.) are going up, it is just a matter of time when the trend line will be broken on the up side and the current market price provides a low risk opportunity to acquire this stock. On the way up, 15 -19 and 25 will provide resistance.
A B NUVO:
A B Nuvo is a diversified company from Aditya Birla Group. From the attached Monthly chart, you will observe that this Company has been trading in narrow range of Rs. 350 for the past 40 months. This Company has significant holding in IDEA Cellular.
With the price of Idea Cellular improving in the past few days, there is a good possibility that market price of this stock will finally break out of the upper range at 1050. Once this break out happens, we can expect the price to go up to 1400-1500 range.
Both the above stocks look good to buy at the Current Market price.
With Best Wishes,
Ketan Asher.
Fundamental updates on a stock's performance helps traders to understand its performance in a better way. These updates are shared by epic research also.
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