Fwd: {LONGTERMINVESTORS} Re: IndBank Merchant Banking

IndBank Merchant Banking CMP 9.9

Becoming good on the chart after long time.

Last month it crossed the monthly resistance of 8.15 by going to 8.35 with high volume.

In this month it crossed the quarterly resistance of 10.35 ( Dec quarter high ) by going to 10.6.

In just 6 trading days of this month it has registered double volume that of last month.

Expect a retracement up to 7.7 where weekly medium & long term EMAs are, before it starts moving up again.

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: 27 April 2016 at 22:50
Subject: Fwd: {LONGTERMINVESTORS} Re: IndBank Merchant Banking
To: longterminvestorsresearch@googlegroups.com

IndBank Merchant Banking CMP 7.45

It has given BUY signal on weekly MACD.

One can start buying near 7.35 , for target 9.1

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: 4 January 2016 at 22:43
Subject: Fwd: {LONGTERMINVESTORS} Re: IndBank Merchant Banking
To: longterminvestorsresearch@googlegroups.com

IndBank Merchant Banking CMP 11.05

Though market fell by 537 points, this scrip went up, achieved given target (11.5), with high volume.

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: 1 January 2016 at 14:40
Subject: Fwd: {LONGTERMINVESTORS} Re: IndBank Merchant Banking
To: longterminvestorsresearch@googlegroups.com

IndBank Merchant Banking CMP 10.5

Locked at 20 % upper circuit.

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: 30 December 2015 at 23:20
Subject: Fwd: {LONGTERMINVESTORS} Re: IndBank Merchant Banking
To: longterminvestorsresearch@googlegroups.com

IndBank Merchant Banking CMP 8.8

Given BUY signal on daily MACD.

Ready to go to 1 st target ......11.50

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

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.

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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