Bilcare has broken out of ascending triangle pattern as shown in the attached chart. Breakout has happened on 8.3.2010, but as is usually the case it has fallen back to its support line at 552. Yesterday it has bounced from 552 and is poised to move higher. Stochastic is however showing a -ve crossover and this stock should be avoided by conservative traders. Other indicators are neutral to +ve.
SL : 545
Target : 770
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