Stock of the Day – Bombay Rayon

For a company that has been under duress due to debt and has been referred to CDR, the stock has given ample opportunities for exists. Today’s fall means that the price is now nearing the major support of 140 below which 80 is the supporter of the last resort.

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About Prashanth

Have been a full time participant in the stock markets since 1996. Run a Yahoo Group where focus is exclusively on discussions of the Indian Markets using Technical Analysis as the tool (groups.yahoo.com/group/technical-investor)
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