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Tera Software Ltd Buy technical
CMP: `109.55 (As on 02nd Nov, 2016) p i ck
Buy: `109.55-104
Target Price: `124-136 Tera Software Ltd is one of the leading
Stop-Loss: `94 e-Governance solution provider. It provides
complete solutions from proof of concept to
Tera Software Ltd wide area replication in many e-governance
verticals like education, registration,
utilities, transportation, health, distribution,
administration, co-operatives and agri-
marketing; total turnkey system integration
and networking solutions for banks, PSUs,
defence, and research organizations. The
company has 15 years experience in IT industry
and has executed BOOT projects spread over
3-10 years across 22 states of India and has
over 3000 outlets across India. The company
has deployed over 2500 manpower including
highly qualified and experienced engineers,
IT professionals and technicians in various
projects. Apart from the e-Governance solutions
the company offers system integration and
networking, IT enabled services, software
development and consultancy.
Technical Outlook:
On the daily chart, we are observing that prices
have given a rounding breakout with good
volumes. Further, the RSI oscillator is gaining
momentum. This suggests that the up move is
likely to continue.
Hence we recommend one to buy this stock at
Rs 109.55 or on a decline up to Rs 104 with a
stop loss of Rs 94 on the upside this stock can
test Rs 124 - 136 levels in couple of weeks.
5 ARIHANT CAPITAL ยก NOVEMBER 2016
