GTL Ready To Fire all cylinders. One of the few stocks that bucked the down trun, but underperformed the recent rally. With nifty above 4450, the broarder markets seems to be heading to the next orbit. Expect GTL to charge up in this leg of rally.
This stock has behaved in a most peculiar manner these last two weeks; while the market has gone all over the place, GTL has hardly moved. The buyers far out number the sellers but no one is willing to pay a little more or receive a little less and at the end of every day the price moves little over or below 300. What`s cooking?
Look like some one is in total control of the stock. No wild swings very controlled moves. Good in some sence. Slowly it will be jacked up. A very safe bet to be in if it is in right hands.
Any idea where the bottom could be? The stock is going down very gradually every day so as not to create too much concern but cumulatively the drop is quite alarming.
Consolidation in process before the next big move. Gaps are being filledup. Worst case 276. But if if spikes past 310 and stays above it will enter new orbit. I think it should happen in Sep.
| NIFTY 
