After a dramatic dividend of Rs. 32 per share, SmartLink went to Rs. 100.40 on the BSE (100.6 on the NSE) at the 20% upper circuit.
The stock’s now at a 3 year high, breaking the Aug 2008 high of around 99.25. Volumes are decent – about 30 cr. on each exchange (60 cr. in total)
Technically now this stock is showing strength. On the weekly, the MACD is also showing a very positive trend, and the dailies look just as attractive. If you get in now the earliest real tech stop is 78 – that was the last area of consolidation, and it’s 22% down, so you have to be careful.
I thought the stock would go higher, but I forgot about circuits. Let’s see how it plays out tomorrow. Have piled on some more now.
