Thursday, January 7, 2010

Midcap galore: CINEMAX and SINTEX

Theorotically, the stock has given a triangle breakout. Based on that the stock can travel the max distance as "distance" between the width of triangle. Based on target of stock comes to 120. however, i however expect stock to reach 80+ with SL of 55.

Major Bullish flag breakout. The target is like ravingly high. I expect stock to double from here. Hold with Stop loss of 265. Trail with stoploss as lowest low of past 5 days. It has broken out of major consolidation zone from June 2009.
CMP is 289, expect it to reach 335-385 zone.

This is not investment, but targets and Stop loss based on Technical Analysis.

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