Net profit of Noida Toll Bridge Company rose 44.89% to Rs 10.07 crore in the quarter ended June 2010 as against Rs 6.95 crore during the previous quarter.
The daily chart below looks like a breakout thingie, one can take a pick here weather it’s a breakout from the;
1. Inverse Head and Shoulders Pattern,
2. A simple Triangle breakout,
3. Or simply tryin2breakout of the 200 periods MA!!!
The volumes yesterday were good…need a follow through now…this looks like going to 40/42 provided the broader market obliges. Already in, keep a tight stop at 30 odd levels…planning to enter but scared about the broader trend then simply wait, as soon as you see strength in the market you will see this stock outperforming!
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