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Looks like Fed Mogul is in the range bound channel setup from 4 months and the trades tightly coupled. Is it getting ready for big move? Kindly advice
FMGOETZE can be brought for a short term target of Rs. 509 on following ground :-
1. The stock is moving above 20 and 50 EMA.
2. Today's price increase is supported by increase in volume of 38119 against 8 Day Average volume of 29124.
3. The share can be brought between Rs. 475 and Rs. 480 with a Stop Loss of Rs. 465.
Please take your own decision and do not ...