Friday, May 17, 2013

TTK Prestige


TTKPRESTIG is retraced to 61.8% from the high of 4100( low made on 16th Jan 2012 @2161). Stock bounced nicely from 61.8% support and rallied almost 50% making a high of 3550.

Now stock took support at 200 DEMA and holding the up move.There is a huge buying seen in the stock yesterday. Stock also gave a breakout of trend line yesterday along with huge volumes.Stock have a potentials to retest the earlier high of 4100.

Stock can be bought at CMP ( 3447 - 3450) with SL at 3311 for targets of 3551/3647/3874/3975/4100 in few trading sessions.

Note: Total traded quantity is heavy compared previous days. But delivery percentage seems to be very less today.

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