HOC CMP 14.0
-- After registering high of 22.80, it came down with low volume.
It reached low of 12.1 on 17 Feb.
In last week it went to high of 14.50 with more than double volume that of previous week & breached the 19 Feb week high of 13.95.
Expect retracement in next week.
A chance to enter for short term targets of 16.20, 22.8
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
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 23:18
Subject: HOC
To: longterminvestorsresearch@googlegroups.com
From: Hemant Barve <barvehn@gmail.com>
Date: 6 January 2016 at 23:18
Subject: HOC
To: longterminvestorsresearch@googlegroups.com
HOC CMP 19.90
In Sep 14 quarter it went to high 30.8, with high volume, but could not breach resistance of quarterly long term EMA.
While coming down it gave higher low.
Hence it would seek higher resistance on quarterly chart.
Which is at 63.6.
But before going there it will face resistance of quarterly long term EMA, which it could not breach on Sep 4, which is now at 28.85
In only four trading days of this quarter, it has not only breached the quarterly resistance of 20.65 by going to 22.8, but also registered almost equal volume that of last whole quarter.
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
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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