Had posted in earlier blog dated 11 Jan 2010 about potential of STC India (CMP: Rs. 396) to reach Rs. 542 - (Rectangle Target) and Rs. 726 (flag breakout). refer earlier chart of STCINDIA.
Even after two days fall of market, and today's good rise, the stock has managed to stay up, and has today made a Doji with low at the Rectaangle / Flag trendline. Tomorrow's price action will let us know, if this is failure or actual. A long with SL of 369 would be good trade.
Attached is latest chart:
Studies based on trendline, trade your ownself, always use SL