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Wednesday, January 1, 2014

Zee Media -- very quick upmove coming?

Hi,for some reason i am expecting a bull market for India and the world till around beginning of 2016. And in this bull rally most high quality would fetch a good return over a period of time .But we always want that quickfire gain in a very short period of time for a stock and then move on to next one...to maximize our Profits :)

So the very first bet of this new year is Zee Media Corp. Got it today at 13.85..and have a target of 18-19 in mind.See chart below:

2 characteristics of this chart:

1. A very long Wick , a hammer like positive candle.
2. After a up-move , symmetrical triangle formation.


Now compare with CanfinHome chart below and similar formation developed before flying upmove.


I should say we are going to touch 18-19 range within 20 days giving a good 25 % profit .

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