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Tuesday, January 10, 2012

View on Raj Television Network Limited!

Raj Television Network Limited


Raj Television has been consolidating its prices between Rs.45 and 85 levels from January 2009 as shown in the above monthly chart. On January 5th, it gave a price breakout above its 52 week high of Rs.85.4. Thus, we recommend buying in the stock as it has gathered enough ammunition and have the potential to move up to the levels of Rs.124/ 160/ 198. Hold this stock until it closes below the 200 DMA shown in the below picture. Currently the 200 DMA is at Rs.57.

Posted by Dreamz Consultancy at 1:28 PM

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