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You are here: Home / Breakout Investing / Breakout Stock : SELMCL

Breakout Stock : SELMCL

January 2, 2010 by Rajandran Leave a Comment


 

SELMCL Montly Charts

SELMCL is oscillating between the 5 EMA(High-Low) Montly bands since April 2009
and gave a buy signal(as shown in green arrow on the montly chart) on last Dec 31,2009 with huge spike in volume and also trading
above the 5 EMA(High) Montly for the ver first time . Earlier attepmt to close above
5 EMA(high) had made during Jan 2008 season.
 
There interesting fact is that currently this stock is trading above 13 EMA>34EMA>55 EMA
as per daily time frame i.e Rs74.24>Rs72.89>Rs72.26 and also above 200 day Moving average 71.05. All the above factors symbols the bull pattern formation in this stocks
and suits for 3-4 month investing purpose for 25-30% gains from this stock
 
And as per weekly time frame supports are available at Rs 73.34(13 EMA-Weekly) and 76.93(34 EMA-Weekly).
 
Investors can try to invest in dips in this counter with a tight stop loss of Rs73
Source:
www.marketcalls.in

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Filed Under: Breakout Investing, Recommendation

About Rajandran

Rajandran is a Full time trader and founder of Marketcalls & Co-Founder of Traderscafe, trades mostly using discretionary Trading Concepts like Market Profile, Trading sentimental analysis, building timing models, algorithmic trading models. Instructs professional traders, full time traders & aspiring full time traders. Rajandran attended college in the Chennai where he earned a BE in Electronics and Communications. Rajandran has a broad understanding of trading softwares like Amibroker, Ninjatrader, Esignal, Metastock, Motivewave, Market Analyst(Optuma),Metatrader,Tradingivew,Python and understands individual needs of traders and investors utilizing a wide range of methodologies.

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