Skipper forming HHs-HLs, and ready to breakout?-From strong sector
-making Higher Highs - Higher Lows (HHs-HLs)
-VCP (contraction in price)
-Volume Spikes
-Long Base
-Bounced from 21 ema
Transformers
Indo Tech TransformerThis result expected good. May give a breakout about 250 which needs to be sustained for upmove till 350 and 450.
Moving Averages aligned in increasing orderMoving Averages aligned in increasing order. Monthly close above 27.00 on 28Oct16, would be strong case for a Big Buy entry for rise till 60 over a few months.
Manufacturing of transformers and panel meters for energy controlling. Formerly “M and B Switchgears”. Stabalised revenue model. Last4yrs Div History. Scaling up potential 100% on revenue. No dn side either on technicals or fundamentals. Rigt time to enter @ 24.00 although above @27.00 close on mthly chart would be ideal. Be on watch out. Early entrants can enter.
