joy_mitali said:
Hello Amit,
HOW TRUE!!! ---This is really the fun of analysing in the stock market---
By the way---MYSORECEMENT---appearing as of in a breakout phase--ur comments PLZ--
Regards,
joy_mitali
Hey Joy...great to see you here since long. Hope the f&o action is going strong with you? Do have a look at Vijaya Bank March series.
Mysore Cements's looking ok so far I feel, and a close above 29.50 with strong volume would begin to look good. Volume's been thin.
While the cement counters are doing well generally and going ahead would do even better, the concern here is a descending triangle, which, if the current price drifts along, would lose potency.
Another concern is a h&s which is quite elongated on the daily chart to be threatening, but retains the strength on the weekly.
Again, a close above 29, or 30 would negate these concerns. A great counter on the watch list, Joy.
Do come by more often when you can, good buddy.
And are you going to Bangalore for big meet?
All the best.