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Sunday, November 02, 2014

ALSTOM(I) 2-11-2014


 MEDIUM TERM TO LONG TERM
ALSTOM (I)   CMP RS. 530.65

The stock has made three weeks tight pattern and vibration channel is giving a buy signal crossed the downward channel. The stock is under accumulation.  Most of the directional,momentum volatility and volume based indicators are in buy zone.

CONCLUSION:I PREFER TO BUY AT THIS LEVEL FOR LONG TERM KEEPING AN INITIAL STOP LOSS AT RS. 455 AND BOOK PROFIT AROUND 1100
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