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Thursday, 10 January 2013

MBECL ON CHART---->


View on Chart: Chart pattern of the counter suggests that, if stock sustains 95/97 levels and manages
to breach 103-106 range, then it can have smart upward action in days to follow. 103-106 is a demand
supply consensus zone and is likely to act as a resistance for the stock in immediate terms. Day traders
can play long with SL 100 for target of 106. Positional players must wait till it produces close above the
resistance zone.

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