Indian Metal CMP 349.4
Breached the support given in the last mail, monthly
short term EMA ( 348 ) by going to 345.15
Expect pull back only to go further down.
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
---------- Forwarded message ----------
From: Hemant Barve <barvehn@gmail.com>
Date: 11 November 2016 at 20:51
Subject: Indian Metal
To: longterminvestorsresearch@googlegroups.com
From: Hemant Barve <barvehn@gmail.com>
Date: 11 November 2016 at 20:51
Subject: Indian Metal
To: longterminvestorsresearch@googlegroups.com
Indian Metal CMP 413
It has started it's up move from 101 ( Feb 16 ).
In this month it went to high of 474 & breached the quarterly resistance of 446.9 ( May 14 high ).
In the second month of this quarter, it has already registered 3 times volume that of last quarter.
For last two weeks it is registering low volume.
Daily MACD has given sell signal.
Start unloading, expect retracement.
Immediate support
1. Weekly short term EMA, which is now at 347
Keep watch on this stock.
Quarterly medium term EMA has taken support on long term EMA from above & now moving up again.
Very bullish condition.
Expect it to bottom out near 250,chance to BUY as next resistance on quarterly chart is at ...............833.
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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