January 29, 2013

Sobha Developers



# Nice Base Building for more than Two years. As you can see how stock had serious fall. so base building is  
  required for any move further

#Series of Higher highs, Higher Lows on weekly chart. It means strength is returning to stock.

# Resistance was near 400 -410 Zone. ( Yellow Dotted line )

# Also there is Head and shoulders pattern, Neckline of HNS ( Magenta Line ) pattern got broken on 18th Jan with Good
   Volumes.   Target for this comes around 580.

# One can enter long on any fall or in small lots till 400.

# Use Break out Bar Low as stop which comes approx. 370


Any Queries, Do Revert back. You can mail me capitalbee8@gXXX.com 

Happy Investing. 

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