OOPS BUY
a) If you are watching daily charts, the first condition is that there has to be a SUSTAINED downtrend for a few trading sessions.I mean few Red Candles on daily Charts
b)On the last day of downtrend when the Oops buy occurs, there is a gap down, which opens well below the previous day’s low.
c)During the course of trading the stock rises and goes above...
At Support of Long Term Channel.
Can be accumulated till 173.
Investment View for 6 Months.
Other Details Mentioned In Chart.
Please consult your Financial Advisor before taking any decission.
I am not SEBI Registered Financial Advisor.
Chart indicate BO in weekly chart with higher volume.
Short term Target is 220+ with SL 185 (On closing)
Long term Target is 320 with sl 177 (on closing).
Stock has broken out of long term down trending channel. Can now be bought as a contra play. Holding period shall be medium to long term. So this call is only for investors.
For traders, breakout above 180 can be interesting.
(Pls do your own research before trading on my views)
McLeod Russel India Limited is a holding company. The Company is engaged in manufacturing of tea in India. Its segments include India, Vietnam, Uganda and Rwanda. It manufactures approximately 100 million kilograms of tea in a year from its tea estates in Assam and West Bengal, India, Vietnam, Uganda and Rwanda. It manages approximately 50 tea estates in the Assam Valley; over five in the Dooars region of West Bengal; approximately three factories in Vietnam; over six estates in Uganda, and Gisovu estate in Rwanda. Its blending units include Nilpur Blending Unit and Dubai Blending Unit. Its facility operates over two bulk blending line that can blend both Orthodox and crushed, torn and curled (CTC) tea varieties. Its subsidiaries include Borelli Tea Holdings Limited, McLeod Russel Uganda Limited, Phu Ben Tea Company Limited, Rwenzori Tea Investments Limited, McLeod Russel Middle East DMCC, Gisovu Tea Company Limited, McLeod Russel Africa Limited and Pfunda Tea Company Limited.
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MCLEODRUSS
