HEMRAJ : When volume returns, a move to 2.55-2.65 should follow.

Another long term chart view t put its current price action in to perspective, Hemraj will retest the recent high at 242 shortly we think, and given we are correct in forecasting a move to nearer 200 on the property sector, we think this stock should hit 2.55-2.65 or so.

On a longer term basis, a breakout above 2.66 places 3 or so to 3.3 as its next big range to target.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: