Rolta India (BSE: 500366)

Midterm sentiment: Bullish

Rolta India chart pattern looks bullish for long term/midterm time period. Even though this stock is ranging from just below Rs. 250 to Rs. 350 since Feb 08, but by looking at ‘daily volume’ and ‘candlestick’ pattern, I feel this stock will break out from range and will continue trading higher.

If you feel this stock will resume its uptrend for next 6/8 weeks, then this could be a good time to buy at a pullback near Rs 325 (if it pulls back, else buy at current rate at Rs. 341) with stop/loss at Rs.310 for target 1 at Rs 400.