{LONGTERMINVESTORS} Fwd: Bag Film

Bag Film CMP 5.3

Today went to low of 5.15, as given in last mail, moving towards 5.0.

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 October 2016 at 21:32
Subject: Bag Film
To: longterminvestorsresearch@googlegroups.com

Bag Film CMP 5.4

Fallen from high of 105 ( Jan 2008 ) to the low of 2.05 

( Mar 2014 )

In Jul 2016 it went high of 7.30 but could not breach the high made on Nov 2012 ( 7.6 ) as it faced the resistance of quarterly medium term EMA ( 7.4 ).

It then retraced to 4.25, where it took support of weekly long term EMA.

Yesterday it went to high of 5.9 with very high volume & breached the last month's high of 5.5.

Expect a retarcement up to 5.0, chance to buy as after 7.6 next resistance is  quarterly long term EMA, which is now at 10.25

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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