1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

Thinksoft Global Services- A breakout?

Discussion in 'Technical Analysis' started by monilhathi, Jun 16, 2012.

Tags:
  1. monilhathi

    monilhathi New Member

    Joined:
    Jun 7, 2012
    Messages:
    92
    Likes Received:
    0
    Occupation:
    Marketing
    Hi

    I think I have spotted a breakout on Thinksoft Global? Price strongly moving on the upper Bollinger band and EMA 20 with good volumes. What is everyone's take?

    [​IMG]
     

    Attached Files:

    monilhathi, Jun 16, 2012
    Share #1
  2. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,699
    Likes Received:
    1,940
    Yes the breakout was formed but I think we have missed the breakout now but well spotted.
     
    shabbir, Jun 17, 2012
    Share #2
  3. masihpatel

    masihpatel Active Member

    Joined:
    Jun 2, 2012
    Messages:
    325
    Likes Received:
    49
    Very good finding, almost at 52 weeks high.March'12 quarter profit rises to1933.33%.
     
    masihpatel, Jun 17, 2012
    Share #3
  4. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,699
    Likes Received:
    1,940
    Note that Thinksoft has seen management intervention in manipulating stock price many times. :D
     
    shabbir, Jun 17, 2012
    Share #4