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Sunday, November 09, 2014

SUNDARAM FASTENERS BASED ON DATA TILL 7-11-2014

SUNDARAM FASTENERS CMP185.45
SHORT TERM

The stock made new high after coming out of the triangle pattern. Most of the indicators are in buy zone.

CONCLUSION: I PREFER TO BUY THE STOCK BETWEEN 188  AND 175 AFTER HAVING AN INITIAL STOP LOSS AT RS. 148 AND BOOK PROFIT OR EXIT WHEN STOCK GOES BELOW FIVE DAYS LOW.

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