TELE Telecard Limited Analysis 13 Jan 2014

Upside Prevails Our Pivots: 4.18 Our Preference:Buy TELE above 5.10 and add averages till 4.75 and 4.64 with a strict stop loss of 4.18 with profit targets at 6.10 . Alternate Scenario: Downward Penetration of 4.18 will  call for 3.90 and 3.35 NOTE: Tele is going to get strong supports from its weekly double bottom at 5.06 along with its 280 weeks moving average at 4.97 so its recommended to initiate buying in tele at these levels and have to add averages at 4.64 where it will get also support from a rising trend line which is supporting its bullish trend Recommendations: For New Entries (Buy above 5.10 and add average till 4.64) For Existing Holders (Hold till 6.60 and 7.03) Weekly Chart with Supports and Resistance: TELEW13102014

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John Doe

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Peter Doe

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