Wednesday, June 15, 2011

Power Grid Corporation: BUY & HOLD;

CMP Rs100-105, Target Rs125-135, Upside 26.0%

Power Grid Corporation Ltd has been forming bullish pattern of ‘falling wedge’ on the long term charts giving conservative target of Rs130 in the coming weeks. With confirming signals from volumes, moving average, RSC and consolidation pattern, the stage is set for the stock to power ahead from current levels.

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