26 April, 2011

CAMLIN (CMP: 70.50)

RECOMMENDATION - BUY AT CMP

TARGET - 94 , TIME -2 MONTHS


=>The stock showed relative resilience during the market falls

=>The high hit in January 11 constituted the B wave. Subsequent fall (c wave) did not have the vigor to form a new low as compared to wave a - demonstrating innate strength

=>Smart increase of volumes once the B wave high around 65 was taken out.

The positive view stands intact as long as the stock trades above 62 on a closing basis. Below this level, the perceived bullishness may not fructify.

Disclaimer : The recommendations mentioned herein are for educational purpose only. One should not take buy/sell decisions based on the above analysis which is prone to errors. The author does not undertake any liability whatsoever arising out of profits/losses accruing from using the above analysis.

3 comments:

  1. CAMLIN AT 69.40 SHOULD I ENTER NOW???????
    PLZ REPLY AT littichoka@gmail.com
    MY NAME IS RAVI

    ReplyDelete
  2. Ya Ravi you can enter right now...should move up very soon

    ReplyDelete
  3. hurrayyyyyyyyy........ its already up.. good job guys

    ReplyDelete

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