Teledata - good Risk/ Reward Ratio

Teledata Info had a sharp run up from Rs.10 to Rs.96/- & then it was in consolidation mode between 50 - 70 levels. Now there seems to be a good Fibonacci support around 58 which for last few days have hold well. More over there is a good support right below it around 52 where stock has made double bottom. Break above 73 can take stock to 81+.
Strict Stop loss of 51 is must as fundamentals of Teledata are still debated in market circles. We necessarily not subscribe to market ideas about the fundamentals of stock & above are the technical perspective.




Readers can draw their own conclusion about the promise and potential.


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Disclosure: I may have position in above said stocks for myself/ family members / friends.