Positional call – buy THINKSOFT above 76 close sl 60 target 98-125
overall chart development and studying indicating that one can hold this stock for 2-3 years also with 50 as sl and we can expect a long term target of 175-300-475 also.
technical reading – overall chart study indicating that just now stock able to move above its 100 days moving average so once it able to confirm this up move then we can see some big moves coming in this.
in a month of march 2013 we can see that it has created positive convergence signal on chart but not able to confirm it after that and now stock has consolidated for 4 months now, so if able to move above breakout level then we can see some big out put of this consolidation now.
overall trendline representation shows that stock is now out from the selling zone, and its planning for up move now.
candlestick also shows that its a bullish gap up candle on 2nd july 2013, so if it able to confirm the price then up move is coming.
over all study consideration is stock is now looking for a up move, but same should be confirm by price now, and as per the lifetime chart study its indicating that if stock able to show some up move in short term then we can catch this stock for long term holding also and which produce a multiple gains in coming 2-3 years time.