Saturday, October 3, 2009

Channel formation in Astra Micro Wave

Looking at the Weekly charts of Astra Micro Wave a niche player in Defence Sector, It seems there is some kind of channel is forming. Currently it is trading around 88, which according to channel is a very good support and a potential candidate for buy. Also 3/10 PPO is showing postive diverngence. Any good event can trigger this stock to 140 levels. Lets wait and watch.

Happy Investing...
Bhupesh

No comments:

Post a Comment