Stock : Classic Diamonds
CMP : Rs 23.15
Target : Rs 30 & Rs35
Time Frame : 2-3 Months
Profit Potential : 20% and 40%(Approx)
Classic Dimond chart shows a shorter term breakout .
Few Supporting Factors are:
1)Stock recently(few days back) crossed above 200 day Moving Average
2)21-Day Twiggs Money Flow Divergence breakout as shown in the charts
3)GANN Resistance near 35 and 63 levels(Its crazy for now to project near 60 levels).
so initially limiting the target and set my goal towards Rs30 and Rs35.
4)Strong Bounce back in twiggs money flow above zero level suggests Buying interest in this stock
5)Keep Stop Loss between Rs21-Rs22