ANG Ind CMP 14.9
-- Fallen from 2006 top of 414 to the recent bottom of 5.16 Apr 2013.
From there it went to high of 60 on Dec 15.
Then it gave retracement up to 9.9 in last month.
In this month it went to high of 17.10 with almost 5 times that of last month.
It breached the monthly short term EMA ( 16.5 ) but could not stand above it.
Now expect it to give retracement till 1 st week of Dec.
It is expected to go below last bottom ie 9.9, chance to buy as it would then start going above 17.1 in Dec.
The market does speak ...... we only have to listen.
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