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Samtel Colour to remain firm
Deepak Singh tanwar
MARCH 30: Samtel Colour has moved in a range of Rs 45-60 for past few weeks. The consolidation period seems to be over, and the stock is all set to get out of this range, and enter a resistance-free area. The position of oscillators have also improved drastically. Overall, a positive outlook. For long positions, the stop loss is at Rs 45.Similarly, the stock position of Samtel Electronics has also been improving, and the stock is out of its recent range and has already entered a resistance-free area. The stop loss for this counter is Rs 55. Samkrg Piston is another counter where the technical position has improved in the recent past. The stock has crossed its short-term resistance, and has managed to post higher bottoms. The outlook for the stock is positive. The stop loss for long position is Rs 26. Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.
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