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Monday, July 09, 2012
Prakash Industries: Further Upswing Expected
If you remember, Prakash Industries Ltd was recommended some weeks back at around Rs.45.5-46. After this stock moved many times to near Rs.51, and then falling back again. However, after a break-out at Rs.53, it has started a one-way journey, towards north. The momentum indicators are strong and the scrip could be heading towards Rs.72--90, in the coming days. The investors are suggested to keep adding the scrip on declines keeping a SL at Rs.56.80.