scorpiomanoj
Long

Kokuyo Camlin - Lot more to go IF THIS HAPPENS....

NSE:KOKUYOCMLN   KOKUYO CAMLIN LTD
Kokuyo Camlin
CMP 147
IMPORTANT - DO NOT BUY AT CMP . BUY ONLY ABOVE 160. DEFINITELY NOT BELOW 160. VERY IMPORTANT.
Target 200 plus
Stop 110
Monthly chart.
Stock has broken out of the previous 3 year resistance zone .
Stock also has a pattern of scallops (ascending).
Though all points to a possible upward move, it is relatively safe to enter the stock ONLY IF THE STOCK CLEARS THE RISING RESISTANCE TREND LINE WHICH IS AT AROUND 155-158. HENCE ANYTHING ABOVE 160 IS A GOOD BUY.
Trading is my passion.

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