Indiabulls power is strong buy at this
price with long term perspective, It may reach 12 on next three month. It
reached all time low of 7.15 because of market volatility and drought in
Maharashtra. The 1350 MW Amaravathi project started its first phase where it has commenced with 270 MW of operations. There is another project that is near Nagpur, Which is also going to start its phase I project by the year end. That is also 1350 MW project in a whole 2700 MW for Indiabulls power by next year. Many analysts felt that the company will be able to close to Rs. 2 - 2.50 of EPS once the entire project goes onstream. It is strong buy on this price with target of 100 % profit with stoploss of 6.8. Traders trade cautiously using intraday technicals below, Keep visiting for further updates.
7.45 0.35 (4.92%)
Details
|
Technicals for
|
17-06-2013
|
|
Open
|
7.2
|
Resistance 3
|
7.94
|
Last close
|
7.1
|
Resistance 2
|
7.72
|
Today's high
|
7.5
|
Resistance 1
|
7.59
|
Today's low
|
7.15
|
PP (Pivot Point)
|
7.37
|
Volume
|
1,222,136
|
Support 1
|
7.24
|
52-Week high
|
16.80
|
Support 2
|
7.02
|
52-Week low
|
7.05
|
Support 3
|
6.89
|
Trade Date
|
15-06-2013
|
50 DMA
|
8.48
|
Avg Vol.(5d)
|
8,617,778
|
200 DMA
|
11.28
|
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