Wednesday, 26 September 2012

PRESTIGE ESTATES AND PROJECTS- STOCK HAS TURNED BULLISH AND CAN TARGET GAINS OF 15-20% FROM CMP 140?

The chart of Prestige Estates  has turned bullish and is  making new highs and recently cleared resistance in the zone of 128-132 area. The stock is currently trading near 140 and can make further gains to 155/180 in the coming months. The Bullish pattern will not be valid if prices break the 110-105 area on the downside.

PRESTIGE ESTATES TURNING BULLISH?














Mohan Raghav
CEO, Financial Markets Algorithms
Web: www.financialmarketsalgorithms.com
blog: fmatechnicals.blogspot.com/
Twitter: camohanraghav
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours but it is possible that reseearch advisory clients may have acted on advice given and taken positions.

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