Cantabil Retail India

CANTABIL (70) -  After almost 9 months consolidation , now the price movement shows next round of operation is getting ready for another up move.

Now resistance 77--83

but thereafter  

potential upside  102--114

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Rs.115 Cr. Mar. Cap. company. 

Is it real turn around story ?

or 

Exploiting the recent micro cap. craziness !

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Came out IPO and collected 105 Cr in Oct. 2010 (issue price 135)

until then showed profit but after wards in another three years (between 2011-12 to 2013-14) showed or incurred loss of 67 Cr. and last year showed some profit.

During this period, price came down from 125 to 15 , hovering around this price until 2014 first quarter and now at  70+

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Below chart explain even better 

(click the chart to get the zoom view)

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Note : Each and every stock movement will have  some kind of beautiful or ugly story behind it.

Understand the undercurrent.

Always, Price is the Prime.