HATHWAY CABLE
TRACKING TECHNICALS - MTT BUY CALL ON HATHWAY CABLE & DATACOM
SCRIP NAME : HATHWAY CABLE & DATACOM SECTOR : MEDIA & ENTERTAINMENT Date : 25th OCTOBER , 2012
CURRENT TREND : BULLISH Time Horizon : 0 - 3 Months
Buy in the Range of Rs.225 - Rs.240 Stop loss :Rs.208 (ON CLOSING BASIS )
TARGET: Rs.280
HATHWAY Rs.236 : The stock has made a stunning V-Shaped recovery on weekly charts from lower levels like Rs.77-Rs.80 .The stock also looks well placed at current levels to go past its all time high levels at Rs.250 & a target of Rs.280 could be achieved very soon. The stock is trading above major moving averages with the 200DMA at 178 , 100DMA at 196 and 50 DMA at 210.Therefore we recommend buying HATHWAY on dips and accumulate the stock for the medium term.
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