Mcdowell

Hi ,

McDowell Crossed the resisatnce level of 75 .closing at 75.4. The high of the day is 76.15 which is the 52 week high ..

DOnt have th e graph to attch right now .


Regards
Naresh Cherukuri

McDowell had made a top of 74.00 in December 2003 and again in September 2004. A close above these two tops clearly indicates more celebrations ahead.

sir

here is the chart

The chart clearly shows a breakout on high volumes. This definately indicates higher prices ahead.

Also one can use 68-69 as a stoploss.