Buy and Hold Great Offshore for 4-5 weeks between 444-448, target- 490.0, stop loss 430.0

Great Offshore is trading in a narrow range over a month. The 20 day exponential moving average is at Rs. 445.9, 50 day exponential moving average is at Rs. 444.2 and 100 day exponential moving average is at 448.7. RSI is at 51.1. The technical indicators indicate an up move from current level. We expect the stock to see further up side from current levels. Hence, we recommend a buy on this stock between Rs. 444 - 448 with a target of Rs. 490.0 over the next 4-5 weeks. Stop loss can be put at Rs. 430.0

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