27 August 2010

ASSAM COMPANY– Last Close – 21.45 [27-Aug-2010]



• In daily strong breakout with life high volume witnessed.
• The moment was wide on Friday; the long upper shadow is not enough for bears.
• Stock still have the up side potential.
• Cluster support placed at 20.50 levels.
• The stock will closed in bull’s zone.
• Immediate resistance placed at 23.15, if that breached then we can expect to test 23.9 levels in short term.
• Buy the stock at CMP and keep the stop loss below 20.50[Closing].

No comments: