"TELE" Telecard Limited Mid Term Analysis 08 March 2013
TELE Short term heading towards 5.38 and 5.14
Our Prefrence: Buy TELE as long as 5.38 and 5.14 are sustained as supports with target 7.13 and 7.46
Alternative Scenario: Downward pentration of 5.14 will call for 4.60 and 4.36
NOTE: TELE is moving purely on technicals and have got reversal to take a correction to continue its upward trend, It will get a strong support at 5.50 from a rising trend line which was a strong resistance for tele in previous six months. As before 5.36---5.14 its corrections will be fullfilled by 50% and there are strong evidences that tele is going to take a sharp reversal in upcomming days, Today,s Closing below 6.04 will push it towards 5.36 where a very good buying can be initiated.
Good Luck Traders and Have nice Trading.
3 COMMENTS
John Doe
June 29, 2014 - 11:23 Proin eget tortor risus. Cras ultricies ligula sed magna dictum porta. Pellentesque in ipsum id orci porta dapibus. Lorem ipsum dolor sit amet, consectetur adipiscing elit.Diana Doe
June 29, 2014 - 11:23 Proin eget tortor risus. Cras ultricies ligula sed magna dictum porta. Pellentesque in ipsum id orci porta dapibus. Lorem ipsum dolor sit amet, consectetur adipiscing elit.Melissa Doe
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