Saturday, October 1, 2011

MARICO

First of all please look at the price chart. The close price is staying just above the BB mid line but last candlestick is on the mid line. Did not find any sign of expanding of BB band.

Now look at the volume. It's positive. Previously we had also got the positive volume two times (I've marked it  on the chart). And it was a wrong signal. But we cannot say this time it is also a wrong signal. Only Allah can say (It was also marked it by question (?) mark).

I hope within 2/3 days it will show its trend (up/down/sideways) and we should act accordingly.



Please note that this analysis/chart does not mean that (1) I'm holding this share, (2) I've an intension to buy it, (3) I'm suggesting you to buy it. by JC

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