MULPHA as at close 20.12.2010
The stock is facing strong resistance at 54.5 as there are many stale bulls caught and stuck between the prices 49.5 and 54.5 during the last run-up. Further the paid-up base is very large. It will take some time for the stale bulls to liquidate and get out before another run-up.
"TECHNICAL ANALYSIS - YOUR ROAD MAP TO PROFIT" - TAN
