Fwd: {LONGTERMINVESTORS} EMCO

EMCO  CMP 32.15 FV 2

After giving BUY signal on quarterly chart in last quarter, it went down to 24.90 ( 18 Jan) to give retracement.

Today it went up with very high volume, almost six times that of last whole week.

Now on weekly chart short term EMA has taken support on  medium term EMA from above & now going up. 

Bullish indication.

One can start buying near 29.2, where daily medium & long term EMAs are, for the target mentioned in the previous mail ie 49.50, where the quarterly medium term EMA is.

Short term targets 36.7, 40.9, 47.2

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

Disclaimer: Investors/traders should carry out their own study and research, and exercise caution before acting on these recommendations. 
We will not be responsible for losses purportedly arising from the use of our recommendations

---------- Forwarded message ----------
From: Hemant Barve <barvehn@gmail.com>
Date: 6 January 2016 at 22:11
Subject: Fwd: {LONGTERMINVESTORS} EMCO
To: longterminvestorsresearch@googlegroups.com

EMCO  CMP 34.7  FV 2

It has given BUY signal on quarterly chart.

On Jun 14 quarter it went high to 53.60.

While coming down it gave higher low.

Hence now it would seek higher resistance 

on the quarterly chart, but before going to 53.6, 

it will face resistance of quarterly medium term EMA, which is at 49.65.

Since 2008 it has not breached the said resistance.

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

Disclaimer: Investors/traders should carry out their own study and research, and exercise caution before acting on these recommendations. 
We will not be responsible for losses purportedly arising from the use of our recommendations

---------- Forwarded message ----------
From: Hemant Barve <barvehn@gmail.com>
Date: 18 November 2015 at 00:09
Subject: Fwd: {LONGTERMINVESTORS} EMCO
To: longterminvestorsresearch@googlegroups.com

EMCO  CMP 29.7  FV 2

Crossed last month's high of 29.60, with volume almost equal to last full month's.

Now moving towards next resistance 31.4, monthly long term EMA

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

Disclaimer: Investors/traders should carry out their own study and research, and exercise caution before acting on these recommendations. 
We will not be responsible for losses purportedly arising from the use of our recommendations

---------- Forwarded message ----------
From: Hemant Barve <barvehn@gmail.com>
Date: 3 October 2015 at 22:58
Subject: {LONGTERMINVESTORS} EMCO
To: longterminvestorsresearch@googlegroups.com

EMCO  CMP 23.95  FV 2

After hitting high of 53.60 it hit low of 20.05 in last month.

 

Monthly RSI showing + ve divergence.

Expect to start up trend very shortly.

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

Disclaimer: Investors/traders should carry out their own study and research, and exercise caution before acting on these recommendations. 
We will not be responsible for losses purportedly arising from the use of our recommendations

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