We recommend a buy in Opto Circuits India from a short-term horizon. It is perceptible from the charts of the stock that it has been trending upwards since the December 2008-low of Rs 69.50. The stock’s trend is up in all the time-frames (intermediate, medium and short-term) and the up-trend line is also un-violated. The stock gained almost 7 per cent last week, breaching the key resistance level of Rs 215. Currently, the stock is trading way above its 21- and 50-day moving averages reinforcing the bullish momentum. The daily, weekly and monthly relative strength indices are featuring in the bullish zone. The daily moving average convergence and divergence indicator had signalled a buy and is heading northward. Our short-term forecast on the stock is bullish. We anticipate its present rally to prolong further until it hits our price target of Rs 242 in the approaching trading sessions. Traders with a short-term perspective can buy the stock while maintaining a stop-loss at Rs 209.
It started correcting after this recommendation. But it is always a very good buy for long term. do systematic investing in the stock in small quantities.
I am following most of these experts` recommendations for the last three months.
Almost every BUY recommendations follows correction heavily. amd almost any sell recommendation behaves reverse.
It may be wrong also, but yourself watch and decide. one thing is true,
You dont need to react immediately for these recommendations. for e-g if opto is recommended for buying at 220 if you react immediately, you would end up at 225 or more. but if you care fuly watch you may get it at 215 itself the same day.
In opt I have seen many such recommendations. However opto is a good company, best to invest for longtime. I am into this since 136.
i agree with u, coz the market is always sideways from long time keeping view with fundamentally good stock any stock will which is above 20% up within a month sure to climb down to actuals like 6-7% but opto is steady growth hope it is entering into large cap once the sez production starts
| NIFTY 
