Gayatri Projects: Rs.169/- seems to be consolidating after a break out. It is forming a triangle from last eight months(fibonacci) and seems to be on the verge of a break out. Notice on the chart the stock is also on verge of brake out of the sloping resistance line drawn from the top of 2008 which is bullish sign. The above chart is an weekly chart and notice the stock price is taking support at 200 week EMA, during the last eight months so now this becomes the support for the stock and also stop loss: Rs.130/-

Mahiidar M

Enjoying Life

Trend is Friend.