ONE MORE SAFE BET AND GOOD OPPORTUNITY FOR SHORT TERM TO MEDIUM TERM. INDI GLYCOL: RS 106.55:

30th December 2013

THIS STOCK WAS IN THE DOWNWARD TREND SINCE 216. SWING REVERSAL OBSERVED HENCE EXIT LONG BELWO 97.50 AND OUR LONG POSITION WILL BE CLOSE BELOW THE ABOVE MENTIONED LVL. BUY CALL WAS GENEARTATE AT 83 AND YETERDAY WE SUGGESTED NOT TO MAKE ANY FRESH COMMITIENNT ON LONG. The WEEKLY RANGE STK IS SHOWING TRONG +VE DIVERGENCE WHIEL STOCK PRICE HAS JUST RENDRED BUY SIGNAL.

OTHER TECHNICAL PARAMETERS ARE AS UNDER:

PARAMETER	DAILY	WEEKLY
ADX	ALREADY IN BUY SIGNAL FROM 22ND  MOVE @ 89.15 WEEKLY	JUST RENDERED BUY ON LAST TRADING DAY. HENCE MORE UPSIDE EXPECTED.
EMA 10	TURNED POSITIVE AND IN BUY MODE FROM LAST 3 DAY.	JUST RENDERED BUY ON LAST TRADING DAY. AT 95.
SWING	MADE HIGHER BOTTOM AT 88.65 AGAINST 84.20	STRONG HIGHER BOTTOM ESTABLISHED AT 88.65
TREND LINE	SHORT TERM BREAKOUT OBSERVED FROM LAST 2 SWING TOP WITH GAP UP	MAJOR TREND LINE BREAKOUT OBSERVED WHICH STARTED FROM 10/12 TO TILL LAST WEEK AND BREAKOUT OBSERVED FROM LONG STEEP DOWNWARD TREND LINE.
RSI STRENGTH	DAILY RANGE IS ALREADY IN BUY MODE AND SHOWING JAWS ARE MOVING AWAY INDICATES MORE STRONG UP TREND TO UNFOLD	JUST RENDERED BUY INDICATING CORRECTIVE MOVE IS OVER JUST BUY AND HOLD.
EMA	100 DAY EMA IS JUST CROSSED 93 AND TURNED UP	34 WEEK EMA ALSO SURPASSED AND BULLISH CROSSOVER OBSERVED.
CONCLUSION:	STOCK IS JUST A PERFECT BUY CANDIDATE FOR THE SHORT TERM TO MEDIUM TERM. AN APPRECIATION OF 25% TO 50% EXPECTED IN 5 TO 6 MONTH TIME FRAME.

 MY EARLIEAR SUGGESTION:

ABAN: RS 233 ON 11/10/2013

TATA ELAXI: RS 196 ON 25/10/2013

THERMAX: RS 601 ON 11/10/2013