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Munjal Showa

Discussion in 'Technical Analysis' started by drsuraimardi, Sep 22, 2012.

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  1. drsuraimardi

    drsuraimardi New Member

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    Dear Shabbir ! What do you think about Munjal showa?I am seeing convergence in price and slow stochastic.Is it the sign of reversal of trend? If yes should one opt for long in this stock ?
     

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    Last edited: Sep 22, 2012
    drsuraimardi, Sep 22, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    Average volumes for Munjal Showa in NSE is 11,752 and traded daily value of only 8 Lakh which I think is too low for me to see anything technically.

    Still ...

    Trend is down as you also see the same and trying to trade against the trend which means your stop loss of 64 should be rigorously followed.

    So I will suggest if you think this company is good fundamentally and can give you good returns in 3 to 5 years time go for it or else avoid it.
     
    shabbir, Sep 22, 2012
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  3. drsuraimardi

    drsuraimardi New Member

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    Thank you Shabbir for so quick reply.
     
    drsuraimardi, Sep 22, 2012
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  4. shabbir

    shabbir Administrator Staff Member

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    The pleasure is all mine.
     
    shabbir, Sep 22, 2012
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