Geometric-Rs.148
Geometric Ltd has is making new high and is maintaining above it for last 10 weeks which is a very very good indication. it clearly indicates that selling pressure is not coming into the stock at all time highs which is a good indication and chances of moving up sides are high. also look at the volumes which are also high at these levels. it has just made an all time high so the margin of safely is high as the stop loss is near only which is just at the neck line around Rs.130 levels. so a good stock to buy technically. fundamentally the performance has been flat at an EPS of around Rs.7 for lost five years except one year where the EPS was 16 Rupees. if any fundamental improvement would propel the stock to higher levels.
M.Mahiidar
Trend is Friend
Enjoying Life
Geometric Ltd has is making new high and is maintaining above it for last 10 weeks which is a very very good indication. it clearly indicates that selling pressure is not coming into the stock at all time highs which is a good indication and chances of moving up sides are high. also look at the volumes which are also high at these levels. it has just made an all time high so the margin of safely is high as the stop loss is near only which is just at the neck line around Rs.130 levels. so a good stock to buy technically. fundamentally the performance has been flat at an EPS of around Rs.7 for lost five years except one year where the EPS was 16 Rupees. if any fundamental improvement would propel the stock to higher levels.
M.Mahiidar
Trend is Friend
Enjoying Life
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