Invesys Capital
Invesys Capital

Equity Income

Book Profit in CMICABLES @ 353. Both Target Achieved.
25th April 2018
Exit Price
:
353
Exit Date
:
25th April 2018
Result
:
Achieved Target in Just 5 Sessions.
Profit / Loss INR
:
32210
Profit Percent
:
32.21%

BUY CMICABLES (270 - 264)
20th April 2018
Symbol
:
CMICABLES
Exchange
:
NSE
Type
:
EQUITY
Action
:
BUY
Price
:
270 - 264
Target 1
:
315
Target 2
:
330
Stop Loss
:
250
DAILY
DAILY

The stock is from the Cable - Telephone sector .It has been correcting for past 3-4 months from 306.8 till 205.25. It started rising and faced resistance at 260-270 for few days. It gave breakout above 270 levels in last 3 days and currently trading around 300. Rise in volume showing its strength.Any Pullback in the price zone of 270-260 would be good buying opportunity.

WEEKLY
WEEKLY

On weekly chart the stock is in Higher High Higher low formation. Stock Spent Lot of Time in 230-190 levels before breaking out from the range. The retracement from 306.8 to 205.25 found its bottom at consolidation levels and the stock resume its upside journey and reach its previous high level within four weeks of time.

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