One such Mid-Cap which seems promising is EKC - Everest Kanto Containers...
The recent break out of the 'neckline' has been with high volumes suggestive of investment and speculative build up... An inverse H & S is visible which is a reversal pattern...
Investors may buy at current price with stoploss of close below Rs 165-68 for a target initially at Rs 220 and then Rs 235+ ...
Happy trading
CA Rajiv D Khatlawala
Head of Research & Training
JHAVERI Securities Ltd.
2 comments:
Rajeev, this stock doesn't seem to be moving at all and there volumes have also dried up all of a sudden...is the pattern and call still valid? If yes, what is the timeframe that we are looking at to achieve the target of 220??
wow...what a move finally...no wonder these midcaps and small caps are darlings of the operators....just wait, wait and wait before going for the kill...another gem from you Rajiv...very well done...
now just waiting/hoping for your Nickel targets to bet me in a jiffy :)
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