Friday, 30 September 2016

{LONGTERMINVESTORS} Fwd: Patel Engg

Patel Engg CMP 92.1  FV 1

Filled the 1 st gap of 93.75 - 98.55.

Expect pull back.


running



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: 23 September 2016 at 21:45
Subject: Fwd: Patel Engg
To: longterminvestorsresearch@googlegroups.com

Patel Engg CMP 101.05  FV 1

As expected daily MACD has given sell signal.

Keep one think in mind it has created many gaps during the run.


93.75 - 98.55,  61.50 - 77.5,   77.5 - 85.25

These gaps will act as resistance during the fall.


running



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: 16 September 2016 at 22:50
Subject: Patel Engg
To: longterminvestorsresearch@googlegroups.com


Patel Engg CMP 111.05  FV 1 

Fallen from 2008 high of 1067 to the low of 26.3 Aug 13.

From there it went to high of 152.95 in Jun 14.

It retraced to 43.3 on 17 Aug 2016 ( higher low 26.3 ---> 43.3)

For last several days it was at upper circuit & today made high of 122.7.

With this it has breached Dec 14 quarter high of 122.5, with almost 4.5 times volume ( 15 days yet to go of this quarter 
) that of last full quarter. 

As it has moved very very fast from 43 to 122 in just 9 trading days, expect retracement up to 55 - 60, where all daily EMAs are.


running



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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