Below is the technical chart of Sanghvi Forging & Engineering Ltd., listed on Indian stock exchange. I've used Ichimoku Kinko Hyo indicator on the chart.

 

 



 

Yesterday, this stock CLOSED above kumo and thus giving bullish breakout. So, one can buy this stock with a stop loss of 26.92. The only problem is that Chikou-Span (CS) line is still under kumo. That can create some resistance in coming trading session. Once that also closes above kumo, one will surely bull run of this stock in short term. Watch it carefully.

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Admin November 30, 2011

https://www.investmentkit.com/articles/wp-content/uploads/2011/11/sanghvi.jpghttps://www.investmentkit.com/articles/wp-content/uploads/2011/11/sanghvi-150x56.jpgAdminStock Marketbreakout,indian stock exchange,Kumo,resistance,sanghvi,span,stop loss,trading sessionBelow is the technical chart of Sanghvi Forging & Engineering Ltd., listed on Indian stock exchange. I've used Ichimoku Kinko Hyo indicator on the chart.       Yesterday, this stock CLOSED above kumo and thus giving bullish breakout. So, one can buy this stock with a stop loss of 26.92. The only problem...Educating Investors

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