Buy BGR Energy Systems between Rs.163.80 & Rs.160 :: HDFC Securities

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--> Current Observation:
 The BGR Energy Systems Ltd has been moving in a larger consolidation pattern over the last few weeks and recently
saw the stock price show upmove above the symmetrical triangle type pattern (blue converging trend lines) around
Rs.150 levels.
 The stock price is now making attempt to stage upside breakout of the strong intermediate hurdle of down sloping
trend line (green line, which is connected from the intermediate high of Rs.243-later May-14). Both of these breakout
patterns are suggesting an up thrust of bulls for near term.
 Daily momentum oscillator like 14 period RSI is now ready to move above the key upper area of 60 levels. On the
move above 60, the positive upside momentum could have positive impact on the stock price.
 The positive chart and momentum pattern is suggesting a fresh buying opportunity in BGR Energy Systems Ltd for
the next couple of weeks.

LINK
http://www.hdfcsec.com/Share-Market-Research/Research-Details/StockReports/3010796