investigationofchart

2013 resistance level

Long
NSE:VASCONEQ   VASCON ENGINEERS L
Today stock Vasco engineer
•This stocks at 52 weak high levels 65 is major resistance
• 2013 January 66 as high of the stock now trying to break this level.
• valume in stock show big move in this stock
• global market down trend but in this stock building valumes
• when market in up trend stock will give big move.
• take stop loss a 58 may break 66 level or test it level definitely when market up trend stock breaking 66 level
• 1:2 risk reward ratio
• fundamental is also good company but pramoter holding is less then 35% main conser this stock
• PE is lower then 3,5&10 year PE
• zerro debt company (0.16%)
NO RECOMMENDATION FOR BUY OR SELL

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