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Thursday, 31 January 2013

Nano on decline ???!!!!!

I associate this small car to this big giant. Deliberately to say that the stock may have taken a U-turn, but remember that this company is for the investors. Meaning it is investor friendly, but may take time to recover.

The stock broke resistance of 329 and continued its decline breaking my Crucial levels of 292 / 285. If you still holding the stock, book out at 300 / 304. I think it will touch 272 / 268 levels. If at all the stock is to reverse its downtrend, then it has to convincingly give breakout above 308  to 313 levels on weekly closing basis

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