Sunday, April 3, 2011

ISPATIND:-A MultiBagger,Buy/sell/hold,growth prospects and recomendation,news and results,target price and analysis,views and outlook


ISPATIND  closes at 24.45 with a gain of +9.2% on 01 April  2011 with formation of Long White Candle  on Daily  Price Chart with Huge Volume. VS of  ISPATIND  Options, suggests that it has strong Support around 22.5 and Resistance at30.On Daily Price Charts, W%R, Spearman, Swing  indicators are in Bullish zone. It has given Positive Cross-over on Regression Lines for Upper side. Vortex Indicator has confirmed the Up-move from this levels.
 We Recommend to BUY – ISPATIND  at CMP
Target-28.00/30
Time Frame- 5 Trading Days
Stop-Loss –22.5/24.00

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