Stock of the day – GATI

While Index has been more or less flat during the last couple of months, the stocks of several mid and small cap have been on a strong bullish trend, something many of them had not seen in the last couple of years.

Gati which belongs to the Logistics sector is one of such stocks. The stock has sharply appreciated in the last few weeks and today the news is that ace investor Radhakishan Damani has picked up a sizable quantity. The stock is now looking at a pretty strong resistance range and a break above can change the fortunes of the stock dramatically over the next few months.

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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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