Omaxe - 148/-

omaxe ltd has been in consolidating ramge from 2010 onwards and this week it has moved above the resistance line which it has to failed last two attempts in last four years. Now it has broke above the resistance line which is indicating  that the trend has reversed to up and it on course of an uptrend. notice the volumes indicated down side the volumes are increasing over a period of last four to five months which is also an indication that we are in for a healthy movement in the stock. So a good buy at this price with stop loss at 200 week EMA at Rs.120/-.

M.MahidarSri

Trend is Friend.

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