Wednesday, May 11, 2011

HCC-Technical Chart



Details for HCC-A good Buy call for investors with 2 months perspective.

  1. It has formed a rising wedge and it had broken that with high volume at 38.15.
  2. From here it will decline to 6.25 points as it can be measured by the length of wedge.
  3. So it will go to 33 where it will find good support and after that it will start increasing.
  4. Since now it is at 33.3 so it is a good buy with a stop loss of 31.5 and will go to 40.
  5. So investors can buy this stock with a 2-2.5 month perspective.

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