Thursday, April 9, 2015


RSWM-Rs.240/- The stock has made an all time high which is a bullish signal for the stock. The stock has been trying to move above Rs.250/- for last 20 years and it seems to be successful this time. it has still not confirmed the same so it has to strongly close above 250 levels on weekly or monthy chart which would be very good for the bulls in the stock. Note that the stock has failed thrice to move above 250 once in 1995, second time in 2008 and 3rd time in 2014 and this time again its at 250 levels. So its better for the market to confirms the same but i thing it might be successful this time and if that happens that would be huge positive for bulls. one point to be noted is that the stock has closed at all time high this itself is a bullish sign. Stop Loss:180/-

Mahiidar M
Enjoying Life
Trend is Friend.

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