Tuesday, November 2, 2010

BHARTI SHIPYARD - www.ashudutt.com

BHARTI SHIPYARD - SHORT TERM: STRONG, LONG TERM: WEAK, PREVAILING BIAS: STRONG
Bharti reversed course after falling from 300 to 200 and has been in a short term uptrend (though not a smooth uptrend). Having said that, it is likely to move towards 300. If it breaks 300, the long term uptrend turns strong. The current move is coming on double the 3 month average volume. If you have it, hold it. You could look at a trade but with a stop loss at 250

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