CMP : Rs 19.7
Long Term Supports : Rs 18
Stock Lost more than 90% of its value right from the start of 2006. Currently Celebrity Fashion is trading above 200 day moving average(Rs 18) for the past 1 month which doesnt happens in past 2 years. Stock also shows a multimonth positive MACD divergence in both weekly and daily charts. These factors shows that traders sentiment in this stock has changed much positive than before and more possibly Rs 18 will act as strong supports in medium term. Even if we apply 13,34,55 EMA principle(Not Shown in the charts) it is pointing to a bullish sentiment in this stocks.
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nishant says
October 7, 2009 at 9:05 amSir,Will you please have any view on CRANES SOFTWARE ?As daily from one month block deal happens at the begingng of the market. And other thing that I want to point its 52 week high/low, i.e. 110/33. Fundamentally, also its currently trading at the P/E of 4. The result of the comapny also shows growth in profit.Will you please through any light on this ?
Rajandran Rajarathinam says
October 7, 2009 at 7:11 pmIam sorry Nishant Nothing intresting with the charts. Stock May remain in sideways in medium term. More consolidation needed for the uptrend to continue
mahis says
October 8, 2009 at 5:19 amthanks raj the stock mentioned by you really good on charts with limited down side.