Tuesday, January 4, 2011

Jindal Poly : on the verge of breakout

Jindal Poly had very interesting pattern on charts . It is consolidating with narrow daily range and without retracing below 20 EMA. It has been trading in a range of 15-20 points for the past four days .The volumes are also low which shows accumlation .Once the stock is able to trade above 545 then it may see explosive moves which can take it to 600 and 620 .It has strong support at 500.
Voltas and godrej Industries have also seem to come out of woods.

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