{LONGTERMINVESTORS} Fwd: Infomedia 18

Infomedia 18  CMP 4.55

As informed in the previous mail, it has come down to the mentioned level.

Daily RSI started showing + ve divergence.

One can start accumulation.

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: 19 May 2016 at 19:09
Subject: Infomedia 18
To: longterminvestorsresearch@googlegroups.com

Infomedia 18  CMP 5.7

From top of 217 ( July 2007 ) it went to low of 2.0 Dec 2013.

In last Jan 2015 it went to high of 8.90.

It gave retracement up to 3.5 Feb 2016.

Today it went high of 6.05 with very high volume & breached the monthly resistance of  of 5.25 ( Feb 2016 )

It has already registered 2.5 times of volume that of last month.

Expect a retracement up to 4.5, chance to enter, as next resistance ( after 8.9) is quarterly medium term EMA, which is now at 22.

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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