Everest Kanto has closed at Rs.194.6 & that too on Friday. This is higher than 50 DMA. If it closes above this for a day or two max., then next stop is at Rs.240 in approx. 2 weeks and then Rs.300 in less than 2 months. I would also appreciate views of members.
Thanks and regards
Ashok Toshniwal
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Technically, all u guys saying makes sense. But fundamentally, why did it drop so much so suddenly, sply when rival nitin was batting steadily at the other end? I have 100 @ 213, & I would love to know... Help, anyone.
yes, this stock have to move from here very soon. because,the price of this stock is very less now when compare with current market index.it will be a good bet!!
The stock fell from its September 2008 high of 295.9 to a low of 85.25 in March 2009.
Then it moved up rapidly to 229 in June 2009 before correcting.It has made a solid bottom at 169 and is on the upmove.Last weeks moves showed a solid surge with a brief support level at 184.5.On friday,it surged 5% to 194.If it moves above 205 it could easily go to 215-220.
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