Saturday, May 14, 2011

New Listing-Innoventive Ind closes 13% below issue price on debut @ 114 on 13 May 2011


Innoventive Ind closes at 94.05 with a fall off -17% compare to its Offer price of Rs.117 with formation of a Long White Candle on Daily Price Chat. Major momentum indicators are showing Strength for up-side move. Swing momentum indicator is moving upward. Holding  Innoventive Ind for target of 125 within 10 Trading Session is advisable with strict Stop-Loss of 88.
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