Technical view by Nooresh on Sensex/Stocks/Commodities |
EIH Limited – Short term breakout Posted: 27 Aug 2014 06:07 AM PDT
-> After making multiple tops around 95-105 the stock is trying to breakout. -> In the near term one can expect a target of 115-120 but seems like a long term trend change. -> Traders can look to accumulate on dips to 98-105 with a stoploss of 95.
4 years back Reliance had bought stake in the co to stop a takeover by ITC. The stock is down 40% since then
Disclosure : Initiated long for quickgains premium plus clients at 101-102 booked part at 106.5 and trailing on.
Nooresh Merani www.analyseindia.com Twitter – https://twitter.com/nooreshtech Facebook – https://www.facebook.com/nooreshtech EIH Limited – Short term breakout is a post from: Technical view by Nooresh |
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