Sell Talam On Rally Based On Charts - TA

TA Securities says sell Talam on rally based on charts; "Talam shares fell from a double-top in end-March to rebuild support above 25 sen, which defined the lower band of a wide uptrend channel from September 2006," TA says. Yesterday's sharp rally has immediate upside potential to 36 sen, with double-top near 39 sen acting as stronger hurdle. "However, a profit-taking correction is expected soon, given the daily stochastics which is moving into the overbought zone on further strength," TA says; tips sustainable support at 28 sen. Stock down 7.1% at 33 sen in active trade.