It has given a breakout from inverted head and shoulder pattern. It has also move above its poc and avwap with good volumes n a marabuso candel. The stock if opens above last close can reume its uptrend
MapmyIndia (CE Info Systems) presents a compelling prospect for swing traders. Combining innovative technology with mapping solutions, MapmyIndia has established itself as a leader in the navigation and location-based services industry.
Reasons are listed below :
The 1600-1700 range, once a challenging barrier, has now transformed into a strong support...
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After a substantial down move to sub 200 MA level, the stock is bouncing back. Now it is crossing above the supply line. The Relative strength and Money Flow turning positive. Increasing Buying Pressure. Increase in Delivery volumes indicate some longer term interest. With a positive close above 1916 the stock will test the previous Rejection levels ( 2343-2200 )
in this weak market scenario this stock is showing strength also it has touch its last ALL TIME HIGH and start buying from there. volume is also satisfying on buying candle .
sl will be same candle low 1866
Buy on some retracement for better risk reward.
First target will be 2280. then go in new range. as week buyers are out in this retracement.
Entry triggered again, but did not re enter as was already scaled in other better performing stocks.
Lesson - Always have a pre defined number of stocks in which you will invest in at a particular time.
Double bottom confirmation on daily time frame. Break out candle is supported by gud volume. Also above all the key moving average.it can be gud buy.
sl 1140
taget near 1500
CE info system
Target will be 2300
According to ABCD pattern
Find AB
Point A is a significant low
Point B is a significant high
In the move from A up to B there can be no lows below point A, and no highs above point B
If AB, then find BC
Point C must be higher than point A
In the move from B down to C there can be no highs above point B, and no lows below...
INTRADAY VIEW
CE INFO SYSTEMS LTD view for today 27th september Wednesday #MAPMYINDIA
Buying opportunity above 1805
Stop loss range below 1785
Follow strict risk reward and stop loss if you follow the level...
Charts for Educational purposes only.
Thanks,
V Trade Point
The stock is trading at high valuations and in a market scenario in which even the overall market is showing signs of weakness, there is high probability for stocks with high valuation to sell-off.
The financial statements is not that attractive. And this adds upto the unfair valuation that the stock is trading now.
The FIIs have only a small percentage of...
C.E. Info System Limited is known as Map My India Company. This is an Indian technology company that build digital map data, telematics service. company combines data & technologies to build proprietary products and platforms. CMP of the stock is 1098.20.
Negatives of the company are high valuation (P.E. = 54.9). Positive aspects of the company are zero promoter...
