Thermax -Rs.1013/- Thermax  has made an all time high after nearly six years which is a bullish signal. All time high is always a buy with stop loss. The stock seems to have formed Cup and Handle pattern over a period of six years which is a very bullish sign. The stock has broken above the neck line and is staying above it for last six months which gives us enough cushion and also margin of safety to enter into the stock. The target as per the C&H gives are target of around 1700-1800 levels a rise of 70%-80% from current levels. Till it stays above this pattern we have all chances of seeing the target. Fundamentally also the sock fits into investment strategy. The fundamentals were stable for last two years and the TTM EPS has increase by 25% which is giving an indication that the fundamentals might be improving and the up move is justified. But in Any case we should have our stop loss which should be below the confession area of last six months i.e. Below Rs.800/-

May all be Peacefull and Happy

M.Mahiidar
Enjoying Life
Trend is Friend.