Balaji,
That was a very bad move.
I recommended a buy on Orchid at 257 and I would recommend it again even at CMP.
I would say a huge chart and target is awaitng it.
A one move on Orchid would see a frenzy all over buying.
I would say a target of 340+ is awainting on the counter.
Good results and a very strong background, substantial profits.
I remember VSNL had posted a similar profit last quarter and kept still and quiet till a whooping buying came in doubling the price on the tickler.
A similar thing is expected in Orchid. This is a clear sign of heavy consolidation on the counter.
Just wanted to say although difficult to predict from the current scenario, this counter would be a Master-Blaster.
Thanks and Regards
Supratik