Hemraj : Good support from 1.94 to 2.02
April 7, 2011 Leave a comment
A spot of pre holidays profit taking might force HEMRAJ down to 2.02 or slightly lower, and if so buy if you have already sold, or indeed intend to buy more. W view 1.94 to 1.97 as a goo re-entry range
The stock has further support down to 1.94, and for us, a stop just below this level for any fresh position taken on, seems sensible.