SAMBANDAM closes at ` 82.95 with a gain of +16.30 % on 26 Oct 2011 with formation of White Opening Marubozu Candle and Huge Gap Up on Daily Price Chart .Technically, SAMBANDAM is looking Weak on Charts. Major Momentum Indicators are also OverBought on Price Chart. W%R has given Strong SELL Signal on Daily price chart.
We Recommend to SELL - SAMBANDAM at CMP
Target- `76.30/65.90
Stop-Loss – ` 85.30
Time Frame- 15-20 Trading Days
Editor’s Note : This Article is written by Vina S Singh, Senior Chartist at www.niftynext.com , which is a Technically Based Quant Research Firm, M/S Durgapur Holdings in Durgapur, West Bengal, India that covers all Stocks, trades at NSE. We use Ami Broker Charting Software with pattern Explorer. You can reach the Chartist here mail@niftynext.com Or Over Phone at +91 80171 98633.
Editor’s Note : This Article is written by Vina S Singh, Senior Chartist at www.niftynext.com , which is a Technically Based Quant Research Firm, M/S Durgapur Holdings in Durgapur, West Bengal, India that covers all Stocks, trades at NSE. We use Ami Broker Charting Software with pattern Explorer. You can reach the Chartist here mail@niftynext.com Or Over Phone at +91 80171 98633.
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