FEM Industries

Monthly Chart

In Monthly Chart we have seen that price has broken its resistance of 900 on June 2016. After breakout price made a rally of  1500s level. After a big rally it is under the consolidation of about 4 Months and got the support at 900s zone . Chart is showing that currently price has taken support from the Change of polarity line(C.I.P) and candle made as Hammer which means Bullish Price action. As you see the volume of Hammer candle is very high and above 30Months Average Volume.

Weekly

In Weekly Chart we have seen that price is moving in consolidation phase since 4 Months and Moving in a Wedge Pattern. Now its Broken its 4 Months Pattern with heavy volume and  Rsi becomes Oversold which means price is at climax .

We are targeting this will give the move till 1300s Level if crosses avove 1350 successfully then its next target will be 1650 level.

The Charts posted here are for educational purpose only and it is not for any kind of marketing purposes or trading services.And you the Viewer are solely responsible for the profit or loss incurred during the trade.Note that we are not SEBI registered advisor,the blog is meant for Educational purpose only.

Lakshmi Energy & Foods LTD

                    Lakshmi Energy & Foods LTD
               
Monthly Chart



In Monthly Chart we have seen that Price has been in Consolidation since 5 years and broken 5 Year Resistance of the level 48 for the 1st time and now price has coming to retest that Resistance become Support ans holding it. Volume of the stock is continously rising since 1 year as seen on the char that buying volume is larger than selling volume so that is a stong sign of bullishness. Also Chart is showing the RSI Divergence that is also the sign of bullishness.

Weekly Chart

In weekly chart we have seen that the price is holding Previous structure support and forming Hammer candle , Volume of buying keep on expanding after the break of Resistance area, Momemtum Indicator is indicating that the upper selling pressure is ended.


We are expecting this stock will outperform and reach our target of 95 in Few months.

The Charts posted here are for educational purpose only and it is not for any kind of marketing purposes or trading services.And you the Viewer are solely responsible for the profit or loss incurred during the trade.Note that we are not SEBI registered advisor,the blog is meant for Educational purpose only.