Friday, February 27, 2015
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Wednesday, February 18, 2015
MCX LtdRs.1000 the stock has consolidated around 200 week EMA for last six to seven months and has broken above it this week and that too on volumes indicating that the stock has further upside potential stocks.There appears that the all the bad news for the stock is over and we might expect better times for the stock in coming weeks or months. It is unique business model and there is no other company in this space and we not any company in this space being listed in near future. All this point towards good upside potentials for the stocks. Stop Loss:900/-
Mahiidar M
Enjoying Life
Trend is Friend.
Coral Labs has made an all time high today after nearly 21 years. Please note 21 is a fiboancci indicating the the stock is in an uncharted territory as it has made all time high it has potential to move up from current price. the Longer time it took to consolidate is also a good factor for upside movements. Also it has formed cup and handle pattern over a period of 21 years giving very good upside potential for the stock. Fundamentally looking the financials of the company has been in an increasing trend last so many years.its EPS has increased from around 10 to present Rs.22 and the TTM EPS is around 24 and the latest quarter EPS is around 8.19. So all this is pointing that the movement of the stock price is on the basis of improved financials and we can expect further upsides as the stock is quoting below 10 PE. Stop Loss: below Rs.200/-
Mahiidar M
Enjoying Life
Trend is Friend.
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