SREINTFIN 
SREI Infrastructure Finance Ltd
Technical View: The stock closed at Rs.88.30 on 08th Jan10. It made a 52-week low at
Rs.22.05 on 09th Mar09 and 52-week high of Rs.92.35 on 07th Jan10. The 200 days Exponential Moving Average (EMA) of the stock on the
weekly chart is currently at Rs.75.
It remained in the downtrend until crossed above the upper median line of
pitchfork with the positive volume pattern. It surged thereafter but profit
taking led to the retesting of the support zone formed by the breakout
candlestick. Since then, it was in consolidation forming higher highs and higher
lows and broke out from the same in the last week. One may accumulate
between 83-86 levels with closing below stop loss of 77 levels for the targets of
105-115 levels.
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