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#1
18th November 2006, 06:32 PM
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GESCO Chart pattern
Hello,
Find attched EOD chart of GESCO, Both on weekly and daily chart there is a breakout from an ascending triangle. Moving averages are crossing each other. Based on this is it a BUY for GESCO, if so what should be the target. I would appreciate some expert analysis of the chart pattern. I am also attatching the candle stick chart, I dont know what it indicates, can someone pls help me on this also Thanks and Regards, Vikranth 
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#3
18th November 2006, 08:55 PM
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Re: GESCO Chart pattern
Hai ,
It Is Very Good Of Yours To Come Up With Such Stocks. Scrip Is Very Strongly Bullish. Strategy: Ride The Horse With Stop At 800 Levels. Possible New Highs. If Stop Is Breaked. Wait For 645 To 650 Level For Very Good Buy And This Time Place Stop If The Scrip Closes Below 625 On Weekly Basis. % Capital To Be Risked On This Trade: 30% If First Level Is Break Regards, Winston
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