What a blasting opening! TechM breached 52 week highs quite comfortably and we see buy orders racing ahead of sell orders!! TechM is clearly on the hump of a chargin bull!!
The chart says it all.. A cup formation in 2008-2009, deep enough to absorb all the liquid that may fill into it, and followed by a long handle that stretches till early 2013!!! And MSAT merger with TechM last month triggered the momentum. First Goldman Sachs went bullish last week, and now Mr. Stanley signals to buy. I'd love to hear one more from CRISIL!...Let us see.. One thing is that the chart would have been recognised by even a kid, and I wonder why it took so long for'em to recognize it, may be the pending merger with MSAT would have kept them on the fence. Whatever, it is always fine when the portfolio looks dark green, though it may sound a little selfish when the rise in TechM is also aided by the tumbling Rupee!... Let us consider it in a positive way, a hedging tool against the tumbling Rupee, YEah!...
Other ideas, overseas... Vodafone may sell its 45% stake on verizon wireless and it looks for a price of 130 Billion dollars!
Log term bet.. is ..Alcatel Lucent! It is so cheap!... When China mobile gives the order to ALU for its light radio micro cellular network solution, who knows! I am yet to open my overseas trading account!
And in domestic, SBI is in buy territory, I may still wait for a price of 1475+.. It'll sure happen...
No comments:
Post a Comment