here's a daily chart of cox & kings which is showing momentum breakout above 146.
resistances of 200 dma & 50dma line are shown in fig.
since 25th of sept. after breaking 50dma line upwards, this stock has
taken strong support on it.. means resistance has become support. now
the major thing we have to observe is, whether this stock sustains above
200 dma ( 149 level) or not... but i personally believe that this stock
has lots of buying potential above 151 only.. if anybody wants to buy
this stock, buy it above 151 OR buy half quantity at current level &
average it around 142
stoploss is just below 135
targets 163, 180,200 cmp 147.50 (short term call)
resistances of 200 dma & 50dma line are shown in fig.
since 25th of sept. after breaking 50dma line upwards, this stock has taken strong support on it.. means resistance has become support. now the major thing we have to observe is, whether this stock sustains above 200 dma ( 149 level) or not... but i personally believe that this stock has lots of buying potential above 151 only.. if anybody wants to buy this stock, buy it above 151 OR buy half quantity at current level & average it around 142
stoploss is just below 135
targets 163, 180,200 cmp 147.50 (short term call)
