Posts

Showing posts from May 1, 2014

Tata Sponge Iron - TARGET HIT

Image
STOCK : TATASPONGE
POSTED DATE :  24th JAN. 2014
POSTED SUPPORT :  365-345
POSTED TARGET  : 600-620

TARGET ATTACKED DATE : 30th April 2014 

As posted it came down to 365-345 levels and repeatedly took support,  not one day but several days (between 28th Jan to 19th Feb) and yesterday, it attacked the mentioned upside target of 600-620 (made high 641 and closed at 567)
** So, from the mentioned support of 345 to mentioned target of  620, that is 80% return, that to, it hit the target with in three months duration.
***
Click the below chart to know its movements