vanathi

Govind Rubber - Penny Stock!

Long
BSE:GOVINDRU   GOVIND RUBBER LTD
211 views
15
Price pattern of Govind Rubber was forming a rounding bottom for two years and it is broken this week with high volume indicating bullishness of the stock. Prveious resistance 34.5 is broken with high volume after two years. The rounding bottom or saucer bottom is a long term reversal pattern which indicates a shift from the downtrend to an uptrend. This pattern forming in the weekly chart indicates this script is turning from bearish to bullish . When buyers enter the market at a low price, it increases the demand for the stock . Once the rounding bottom is complete, the stock breaks out and will continue the uptrend. I expect this stock to gain 5 to 10 points in 6 months to one year.
Trade active: From 35.35 to 37 in few days
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Comments

Exit govind rubber ASAP.....
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Would this great for 1 month position with this stock?
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vanathi AJSTECHCHARTS
@AJSTECHCHARTS, I guess not!
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@vanathi, hi vanathi can u please tell me about the risks involved in dealing with penny stocks???
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vanathi GRINDELWALD
@GRINDELWALD, Please consult your financial manager before investing in stocks.
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@vanathi, i don't have any financial manager.....
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vanathi GRINDELWALD
@GRINDELWALD, I am not a financial manager to tell the risks in penny stocks :)
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@vanathi, i can understand....thnx for the reply tho...
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vanathi GRINDELWALD
@GRINDELWALD, I always reply for the comments. Thank you for the support.
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@vanathi, thnak you for the various investment ideas that you have provided....
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