Garden Silk CMP 33.75
-- Fallen from top of 151 Nov 2010 to the low of 20.8 Feb 16.
It went to high of 41.35 July 16 with high volume & gave BUY signal on quarterly chart.
It gave retarcement up to 27 in last quarter.
In last week it went to high of 38.85 with high volume &
1. Breached Aug 16 monthly high
2. Registered 1.7 times volume than that of whole last quarter.
3. Weekly MACD has given BUY signal.
4. Weekly Short term EMA has taken support on weekly medium & long term EMA from above & now going up again, bullish indication.
Now expect retracement up to 31 - 32, chance to BUY as next resistances are at
1. medium & long term quarterly EMAs which are at 43.60, 46.7
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
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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