4/29/2012 11:01:00 AM
Rolta Cmp :- 87.80
The Uptrend Of The Stock Which Had
Started On 19/12/2011 Is Completed On 01/03/2012 And The Stock Was Moving In
Range Bound Move From 15/03/2012 Till Date And Had Given Downside Breakout.
Volume In The Stock Had Diminished. The Climax High Made Was 108.10 With Highest Volume But Closing Of
That Candle Was Not Satifactory. Also Volume Since That High Day Has Not Been
Crossed And The Stock Was Facing Resistance. Now Looking At The Charts It Looks
Bearish And Trading Below 200 Ema @93.64 But Took Support Above 200 Sma @ 87.06
Stock Is Also Below 50 Ema @ 90.86. A Pullback Is Required To Short The
Stock 90 – 94 Or Below Breach Of Low 85.50 For Target Of 84 –
81 -76 Respectively With Stoploss Of 98 On Closing. Shorting On Pull Back Is
Less Risky. Indicators And Ema Suggesting Bearishness Further In The Stock.
