Re: {LONGTERMINVESTORS} Empee Distillaries

Hematji,

I would have asked if we can start accumulating as its near your mentioned levels of Rs.60

But as per yesterday's results declared the company mentioned that they couldn't start their 60 KLPD factory in AP due to non availability of grains last quarter. Company has not indicated when they will start so wondering if we can start accumulating and the target are still achievable in future and if you have any idea on it as you tracking it.

Below is the extract:

5. The 60 KLPDGrain based Alcohol unit at Choutkur, Andhra Pradesh could not perform dUe'to noli-availability of gratns during the period under review. 5. The Company's power plant at Aranthangi could not be operated due to Restrictive MeasJres ih force as exercised by TNEBduring the quarter. 

6. The income from operations and profits have been affected during the quarter under revi~w due to' two divisions of~he Company viz. 60 KLPDGrain based Alcohol Unit at Choutkur, AP and Power Plant at Aranthangi were non-operational as stated at SI. No.4 and 5 above. '

On Fri, May 13, 2016 at 9:32 AM, Hemant Barve <barvehn@gmail.com> wrote:

Empee Distillaries CMP 66.95

Fallen from high of 400 Dec 2007 to low of 22.05 27 Mar 2015.

In Dec 2015 it went to high of 115.85 with very high volume & breached quarterly medium term EMA ( 98.4 )

In the last quarter it gave retracement up to 45.5 with low volume & took support on quarterly short term EMA.

In this week it went to high of 76.75 with high volume & breached weekly resistance of 67.85.

It also gave BUY signal on weekly MACD.

In just 10 trading days of this month it has registered more than double volume that of last month.

As in last two weeks it went up sharply from 48.35 to 76.75, expect a retarcement up to 59 - 60, chance to enter.

As it has already breached quarterly medium term EMA, next resistance on quarterly chart are

1.    161.85 , quarterly long term EMA

2.     178      Aug 2010 high

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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