I know I will be stating some well known facts:-

"Spanco Ltd had emerged as the lowest bidder for BSNL`s Rs 7,500 crore telecom infrastructure implementation and maintenance contract for the its west zone. It will get at least Rs. 3,750 crore worth of contract for being the lowest bidder with the rest going to the second- and third-lowest bidders.

Under the contract, Spanco will implement and maintain towers, generator sets, power plants, shelters, in-building solutions, electric cablings for BSNL`s west zone for seven years.Of the Rs 3,750 crore, it would get about Rs 500 crore for implementation of telecom equipment in the initial two years, while maintenance will fetch the company Rs 1,200 crore for seven years. It will earn the rest of Rs 2,000 crore for procuring and supplying equipment.

The deal will be finalised "within a month" and as per the BSNL`s tender norms."

As this news was of 09 May 2009, it means that the finalisation of Spanco Ltd winning Rs. 3750 crores of orders should occur by this Saturday (06 June 2009).

Technicals too are getting strong. If the share price closes higher tomorrow, it would have formed a `double bottom` pattern, which is a bullish one.

The stock price could zoom thereafter for both fundamental and technical reasons - fundamentally, on the formal announcement of news of it getting the Rs.3750 crores order (this is more than five times the Rs.667 crore turnover of the company has doneduring last four quarters).

And, technically, as the share price would have formed a double bottom formatiom.

I have been waiting out of this scrip to get final confirmation of its orders.

Seems I will finally be buying tomorrow.

Quote - Seems I will finally be buying tomorrow. – Unquote

This is most comedy sentence I ever encountered sir.

I can explain what is implied by `Seems I will buy tomorrow`.

The formation of a double bottom is complete only if the share price closes above Rs. 54.05 on 3rd June, not otherwise. It seems that it will do so. Hence, consequently, the statement `it seems I will be buying tomorrow`.

i too feel that ... from tomorrow we can see fireworks...

as expected firework started firing...how long we have to see...

You can see the charts of Satyam Computers, Kavveri Telecom,etc. to see the magnificient rally that accompanies a good double bottom pattern.

Tomorrow, when the share price closes above Rs. 59.10, the double bottom will be completed.

The share price should move up to Rs.117 thereafter, with minor hiccups possible at Rs.60, Rs.70 and Rs. 85 levels.Of these, only Rs.85 is a strong resistance .

These resistances will be overcome with ease on its way to its short term (one to three months) target of Rs.117.

some booster like bsnl`s order will stabilise the stock above 70... for sure in between.

some booster like bsnl`s order will stabilise the stock above 70... for sure in between.

some booster like bsnl`s order will stabilise the stock above 70... for sure in between.

The failure of the share price to go past Rs.59.10 indicates that the price would consolidate at sub-Rs.60 levels before making an upmove.