jntrade said:
Hi Amit,
can you tell me how these scrips tecnically look?
Shyam telecom,Shree Renuka sugars
thanks
can you tell me how these scrips tecnically look?
Shyam telecom,Shree Renuka sugars
thanks
Shyam Telecom- on 18th October'05 -high 94.55.... low-87.35
5th january'06-118.9 low-106.9..and just the next day zoomed to 127.2 from where it started coming down.....was stable at 100, further fell and consolidated at 95....saw an upward moment from 13 Feb to 7th March this year and again stabilized at 95....I presume that it would consolidate here and a break above 100 would take it to 105.....amitda would look it into detail and put his fundamentals stuff to support the comments.....
Shree Renuka Sugars-
31st Oct'05- high 315....low 257..and it always saw the upward moment after this.....stable at 400 for a very short time...then for a very short time at 500..then at 800 for a very short time....then directly stable at 1000...now trading at 1000-1100 range, a break above 1200 would take it further...but still, I suggest have a look at the orders and other fundamentals... I personally believe that it has already appreciated...but I may be wrong...amitda can look into other details and suggest...
Trade with caution !!!!!
happy trading...
ganeshhity