hot small cap stocks-Gallantt Metal Limited heading for 2012 high

Gallantt Metal Limited stock today closed with 20% circuit at 33.9. Stock in last 3 sessions almost rallied by 10 rupees. Stock prices zoomed from 24 low to 34 high.

 

From long term view, stock after touching low near 14 in 2012, given the same one-sided rally up to 37 rupees. In 2 months period. Now in last 3 session stock given almost 40% gains. On upside traders and investors watch 37 as an immediate target as well as a resistance zone. A breakout above it means breakout for fresh long term top which might be expected around 46 to 50 rupee levels. On the downside, 22 and 26 are support zones and re-entry zones for investors.

 

Gallantt Metal Limited stock chart

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