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Saturday, February 12, 2011

Gangotri Textiles

Gangotri Textile Ltd.

521176 GANGOTEXQ Group (B) BSE

Currently trading at:- 6.91

Buy call at range of :- 5.5 to 6.20

Target:- 8.5

Duration :- 3-6 months

Strict Stop loss:-5.0

A small gem finally turning wheels on with first time its EPS turning in green looks like company has long way to go,a hidden gem in small sector and appreciation of almost 40% from current level is certainly on cards according to its chart pattern, instead of buying other risky companies in market its definately worth to take risk at this one with very minimal chances of going low from current levels, please maintain a strich stop loss of 5.0 which is 52 week low levels and taregt it for 8.5 to 9 for next 6 months