If closses above 308 then Short term targets are 369,396! Keep an eye!
Disclaimer:I am NOT SEBI registered, Just trying to learn to predict share price movement. THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
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50 MA has crossed the 200 MA recently.
Stock is on the rise & is making higher lows.
However, it has moved up too far from the 50 MA.
Buy at around 340 levels after the stock falls and then resumes uptrend.
Target of around 400 in 3~4 months.
Company came out with turn around Q2 after almost 5 qtr of bad performance. Decent company. Big volumes started building up in it. Seems big sharks getting interested here. Chart looks very good for immediate upside, positional stop 302 look for 370+.
Indian Hume Pipe Co. Ltd. engages in the manufacture and marketing of hume pipes and allied products. It operates through the Construction segment, which includes water supply schemes, pipe supply & laying projects. The company was founded by Walchand Hirachand Doshi in 1926 and is headquartered in Mumbai, India.
INDIANHUME
