A stock which actually powers !

Neyveli lignite has given a very decent break out today - though the fundamentals may not have a compelling case at these valuations. The break out suggest very good momentum ahead and with the tamil nadu govt having a good bargaining power with the central government - some thing may surely be cooking. I think bottom fishing can be done @ 62 . It has come out of a very narrow range over the last couple of months. The volume action is just about okay.