RSI seems to break the trend line and still at 59.5. so its a long journey to 80s.
So our view is that 22-23 is possible.
TJL (CMP: 20.20) has been consolidating in a range for past 3 months. Looking at the pattern being
formed, we feel that this is a pole and a pennant pattern which is a continuation pattern. A breach
above 20.20 levels will lead to stock heading towards 22-23 levels .
Call: Buy TJL above 20.20 for a target of 22-23 and stop loss 19.
Last edited by ddrperera on Thu Nov 06, 2014 11:45 pm; edited 3 times in total (Reason for editing : ggg)