Thursday, December 3, 2009

ESSDEE - Aluminium might SHINE after Gold & silver.

Friends,
 
Take a look at the ESSDEE chart.
 
1) After a long period the MACD has been rising with cross in GREEN from under zero line. A strong indicator for uptrend.
 
2) Volumes have rised on buying side despite of rangebound market in the last few sessions.
 
I believe this stock can rise v.fast if bought with a slight market risk as this juncture.
 
Price - 364, SL-341, Target -440, RR-1:3.
 
 

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