Saturday, May 14, 2011

CMC-A MultiBagger,Buy/Sell/Hold,Growth Pospects and Recomendation,News and Results,Target Price and Analysis,Views and Outlook


CMC  closes  at 2719.15 with a  gain of +20.4% on 13 May 2011  on Bonus Share Offer Talks,with formation of  Long White Candle   on Daily  Price Chart. Technically, CMC  is looking overbought. Momentum Indicators are in now Trading in extremely overbought zone.
We Recommend to SELL   –  CMC At  CMP
Target- 2546
Stop-Loss –2746
Time Frame- 5-10 Trading Days
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