Vikas WSP (Speculative)

Vikas Wsp Ltd

The stock is likely have first support around 57 and than 51 levels.

Vikas Wsp Update: 26th April 2012

Vikas Wsp Ltd
Previous update: Click here

The stock made a double top at 75-76 and was not able to close above the resistance of 74.95 based on which we short sold the stock and covered today after looking at the trade pattern. As expected today itself it gave us high returns bought at 62 and sold at 66 with in 30 mins. The uptrend in stock is intact provided the current run is sustained. Its a high risk trade and I recommend a BUY for testing 74.95 again obviously subject to speed breakers @ 69 and 70.55. Will the double top become triple top only time knows the answer.

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Old calls - Update

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REC - stop loss triggered
Jayshree Tea - Holding
BPCL - Holding
Vikas WSP: The stock is highly volatile and still not able to cross 74.95. The results could be a big trigger for the stock. Hold your long positions with a sl of 69. Previous update: Link

Vikas Wsp- Update

As expected the stock faced resistance @ 69 and 70.55..

Next tgts 74.95 post this stock will try and kiss 101

Last time Previous update

VIKAS WSP LTD: 12th April 2012

All of the content published on this blog are to be used for informational purposes only and without warranty of any kind. The materials and information in this website are not, and should not be construed as an offer to buy or sell any of the securities named in these materials. Trading of securities may not be suitable for all users of this information. Both day trading stocks and investing in the stock market in general have large potential rewards. However, they both have large potential risks involved in which you can lose all the money. You, the reader, and not cherrypicks001.blogspot.com or cherrypicks or any of the contributors are responsible for any losses, financial or otherwise, as a result of trading stocks.