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Monday, 3 June 2013

SKS Microfinance Ltd

Technical Desk Call - 03 June 2013

Strong Buy SKSMicro above 112.40 Stoploss 102 Target 124 + 129 + 134


sksmicro daily technical chart

Remarks :  The stock has given good healthier correction on recent past from 170 to 95 within period of three month so based on Fibonacci Retracement analysis we are of the view that now for time period stock has formed near term bottom around 95 level and the counter is ready for sharp pullback till 38 % retracement level which come around 125. Please read our disclaimer.

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