Sunday, April 01, 2012

Allied Digital Services Ltd: Look for higher opening tomorrow to confirm bullishness
The chart of Allied Digital Services Ltd shows that the BULLS are preparing for the final assault. We should look for higher tops and higher bottoms from tomorrow onwards, to confirm the uptrend. On the last Friday it went above Rs.24.20 (Parabolic SAR 24.03) but could not sustain the selling pressures. It needs to move above Rs.25--25.50 to continue with the bullish pattern. The company is looking to acquire overseas companies, to increase its presence in the international market; especially in the field of cloud computing.

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