20 August 2010

EVEREADY – Last Close – 77.7 [20-Aug-2010]



•Weekly breakout witnessed in the stock.
•The stock is retracing towards 61.8% level of fall from 143.4 to 11.51 placed at 93.
•As per wave 5th move is in progress.
•Strong support placed at 74 – 72 levels.
•Immediate resistance spotted around 84.9, if that breached then we can expect to test 93 levels in short term.

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