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amankavi
Nov 23, 2017 1:29 PM

MT Educare : breakout at crucial support levels Long

MT EDUCARE LTDNSE

Description

Scrip has been able to find resistance at core support levels and break trendline with good volume however, would wait to enter post confirmation ensuring it isnt false breakout

Would prefer to increase stake after the scrip manages to move out of consolidation channel

Aiming for TP - 99, 120, 130 in LONG TERM

Nonetheless, One cannot invest for very long until the company shows progressive results and reduces debt which are detrimental to growth of company

indiainfoline.com/article/equity-earnings-result-commentary/mt-educare-q1fy18-consolidated-net-profit-dips-56-9-yoy-117090700312_1.html
screener.in/company/MTEDUCARE/

Comment

Time to enter as suffice breakout with BH>50%CH candle has formed



with volume increase during past few sessions..
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