{LONGTERMINVESTORS} Re: IndBank Merchant Banking

Hello Hemant Barvejiii,

Any update on this?

Thanks

Vishal Rathod

On Friday, 4 December 2015 20:12:37 UTC+5:30, Hemant Barve wrote:

IndBank Merchant Banking CMP 9.10

From 2008 top of 52.30 it went to low of 2.26 ( Aug 13 )

In Mody boom it went to 16.20 ( Jan 15 ), with high volume & breached the Mar 2011 quarter high of 15.70.

Then it went low of 6.01 in Sep 15. ( higher bottom )

In last month it went to high of 10.33 with high volume & breached the previous quarter's high of 9.95.

It gave retracement upto 6.85 15 Nov ( higher bottom ).

Today it went to high of 9.62, with very high volume & breached the weekly high of 9.1.

Expect retracement up to 8.1.

Though  monthly MACD is yet to give Buy signal, monthly short term EMA has taken support on long term EMA from above & now moving up again.

Very bullish indication.

As it has breached above mentioned quarterly resistance, it would try for next resistance on quarterly chart, which is at  23.10

Expect this level in next quarter.

The market does speak ...... we only have to listen.

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