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Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Celebrity Fashions : Possibly a Value Buy

23 sec read


 

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.
Source:
www.marketcalls.in
Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.
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0 Replies to “Celebrity Fashions : Possibly a Value Buy”

  1. Sir,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 ?

  2. Iam sorry Nishant Nothing intresting with the charts. Stock May remain in sideways in medium term. More consolidation needed for the uptrend to continue

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