Investors must recall my advice regarding PSO on the 17th in which I stated that the stock will reach the 362 level. Today it touched 359 and settled at 358.52. It hit upper lock, increasing a huge 16.61 Rs, something I was waiting for. This stock is a keeper and my analysis shows that reaching the 400 mark will be a breeze. I say, we wait and reap profits. Of course, we can give PSO a revised green light between 349-354.50 which is likely when market correction takes place, however, in the near future, correction or not, we will see PSO rise. Long term investors should not even think about selling below 400. Short term traders can exit at 364.50 at minimum and wait for a dip.
Posted on: Mon, 22 Jul 2013 19:04:54 +0000
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