Re: {LONGTERMINVESTORS} Indian Metal

While going down 250 is expected to be support 

Whereas  833 would be resistance while going up

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

On 12 November 2016 at 05:37, Latha Reddy <2009lathareddy@gmail.com> wrote:

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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