Granules:Rs.102

Granules has made an all time high after nearly 10 months of consolidation the break out is on huge volumes indicating that some informed buying has gone into the stock. it has taken Support exactly at 200 day EMA and then bounced generally above 200 day EMA bulls are active.Fundamentally the company has been working really good and the profitability has been continually increasing over last 10 years indicating that the rise is on strong and improving fundamentals. I wish to put stop loss at 200 day EMA as of now.

Mahiidar M
Enjoying Life
Trend is Friend.

Indian Oil Corporation:Rs.454

IOC has made all time high just now and notice the volumes on the break out move which is huge indicating that huge amount of informed buying has gone into the stock. Bulls seems to be active in the stock. I have kept a stop loss at Rs.375/-

Mahiidar M
Enjoying Life
Trend is Friend.