D-LINK

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I want to buy shares of D-link In­dia. Is the CMP the right en­try level?

- Go­vard­hana Reddy

AVOID D-LINK (IN­DIA)

D-Link In­dia is cur­rently trad­ing at Rs 107. Its 52-week high/low stand at Rs 154/75.25 made on April 10, 2016 and Septem­ber 21, 2016, re­spec­tively. The stock is al­most trad­ing side­ways af­ter a gap-down open­ing on May 15, 2017. The lower vol­umes and 14-pe­riod RSI trail­ing at 52 sug­gest lack of mo­men­tum in the stock. More­over, the stock is trail­ing at up­ward slop­ing trend­line sup­port level. In case the stock falls be­low Rs 102.50 level, it can fall fur­ther. The stock has failed to sus­tain above Rs 106 level on a clos­ing ba­sis, de­spite at­tempt­ing a break­out. Hence, we sug­gest to avoid it for now.

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