Hi friends,
this scrip formed symmetrical triangle on daily charts and broke upside yesterday with normal volumes.
But today it shoot up with tremendous volume of more than 1.4 cr. + wide spread. The market makers and other big boys widen the spread often so as to make stock look costly for public and make them enter at much higher levels.
Slight pullback would present excellent mid term buy oppor. despite forthcoming market conditions.
Dear Members, waiting for your opinion!!!!!
Regards,
Winston
this scrip formed symmetrical triangle on daily charts and broke upside yesterday with normal volumes.
But today it shoot up with tremendous volume of more than 1.4 cr. + wide spread. The market makers and other big boys widen the spread often so as to make stock look costly for public and make them enter at much higher levels.
Slight pullback would present excellent mid term buy oppor. despite forthcoming market conditions.
Dear Members, waiting for your opinion!!!!!
Regards,
Winston