Sir,
is it ..........833 or ....................233
Expect it to bottom out near 250,chance to BUY as next resistance on
quarterly chart is at ...............833.
On 11/11/16, Hemant Barve <barvehn@gmail.com> wrote:
> 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.
>
>
>
>
> [image: 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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