OBSERVE POSITIONAL RESEARCH FOSECOIND -Foseco India Ltd looks good above 3925 Accumulate more if it goes down till 3500 Target 4100-4300-4500-4800-5000 Price is shifting in upper direction slowly and gradually with volumes. Rounding bottom formation. Holding period of 1 year.
Confirm multi-year breakout on this stock as : Cmp 2220 TGT 3000-3200-3500++ Sl below 2080 Positive Factors as : Increased FII Holdings Good Q3 results FV 10 Good P/E ratio EPS 60+ ROE 16+ Follow strict stop loss as the market is unpredictable Note: Just an idea not any recommendation to buy or sell the particular stock.
Momentum trade with stoploss 1580 and Target 1700. Disclaimer:only for self learning
Foseco India Ltd multiyear BO with good volume, illiquid stock