Railway stocks Technical Analysis

Kernex Microsys

The Railway Budget 2013-14 is scheduled to be presented in the Lok Sabha on February 26.Railway stocks has not shown any spike up as they mostly do. Stock has shown a decline of 8.4% with rise in volumes last Friday.
Kernex is trading near its 200 DMA, and strong support of 56 as seen in above chart. Breaking the support of 56 stock can decline till 52 odd levels.

Buy above 59.5..

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