>Midcap Stock Triangles

Posted on December 13 2009 by Rish

Hi Readers,
Capital market has been sideways for some time,From last few months we are spiking up down in a range.This Sideways move is quite evident in mid caps lot of stocks making Triangles, Different types of triangles.These triangles are tricky to trade if you are confident about the future move can take early position,Else wait for breakouts. Few stocks which are trading in triangle Dish TV ,Praj Industries,Thomas cook ,NDTV ,Alok Text,Cinemax and Gtl infra these could give considerable moves in breakout direction track them for good gains .Sector wise Media sector is waking up from long sleep could give fast returns if timed well.
Regards
Rish

3 Responses to “>Midcap Stock Triangles”

  1. VIRAL says:

    Respected sir,

    can u spoted light on few stock for me:-

    1) asian electronic

    2) hfcl

    3) spicejet

    thanks
    vj

  2. Anonymous says:

    Too general to help small guy. Would appreciate if specific pointers at or before breakout given.

  3. Rish says:

    Hi Viral
    Asian electronics used to be a good stock till a year back but then fundamentals of company went bad and it broke major supports and has not recovered yet look for improved fundamentals to buy into this stock .HFCL and SPICEJET i don’t track.

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