Wednesday, September 9, 2009

10-Sep-09 BUY MANGCHEFER

BUY MANGCHEFER
Outlook: BULLISH
Stop-Loss: 24.1
Support Zones: 23.19 23.10 23.08 22.30
Resistance Zones: 26.80
Notes:  Today the stock was up(2.07%) and closed at 24.65.
This is going to be a bit risky script, but anyways should give have a bull run in tomorrow’s trading session.
Do not consider buying if it goes below 24.0.
Exit as soon as stop loss triggers and do not enter again.

1 comment:

Puneet said...

Post market analysis:
Mangalore Chemicals & Fertilizers Limited

Open 25.10
High 25.50
Low 23.55
Last Price 23.75

The stock opened high and went upto 25.50 levels. After that the stop-loss triggered at 24.1.
As suggested, it was not advisable to enter again once it fell below 24.0 levels.
The stock closed at 23.75.