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Pentamedia-- Good scope for appreciation
K Seshadri
Pentamedia Graphics (B329) offers an excellent trade off between risk and return, especially for fund managers, right now. The scrip ended weaker on Thursday. However, one should note that it closed higher than the immediate previous low of Rs 578. The scrip has a support at Rs 555. And it is in the process of testing this support. On the upside, it has the potential to reach Rs 745 and later to Rs 790. The daily stochastic is about to signal a buy and indicates the potential for a good scope upside. Place a stop loss if you like, or treat it as a long-term buy. Preferably the latter. Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.
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