Nitin Fire is one Leadership stock that looks pretty good for 2014. Here’s Why?
Nitin Fire has excellent Leadership chart and it seems the out performance is only going to build from current levels.
As you can see in the chart above: Nitin Fire Protection stock has been in steady uptrend since 2010 and what’s impressive: 1. Took Steady support at 100 week ma and 2. Broke out above 2008 High of 38.4 in 2012. The stock spent a quiet 2013 consolidation at 100 week ma.
This week – stock has managed to bounce on impressive volumes and indicates start of fresh run. So, one can buy Nitin Fire on this assumption with closing stop loss at 55. The stock can go much much higher in 2014. Having said that, this is market and anything can happen.
Breakout Sheet covered in TrendzofMarket
.
| ****** | *** | *** | 10.23% | Breakout | 11.Nov.2013 | HOLD | Investment |
.
| THOMASCOOK | 74 | 82.25 | 11.15% | Swing Trade + Breakout | 11.Nov.2013 | HOLD | Trading |
.
| FINCABLES | 65.8 | 75.25 | 14.36% | Breakout | 13.Nov.2013 | HOLD | Investment |
.
| ****** | 2*** | 2*** | 6.80% | Breakout | 18.Nov.2013 | HOLD | Investment |
.
| PEL | 538 | 500 | -7.06% | Breakout | 22.Nov.2013 | EXITED | Investment |
.
| NIITTECH | 311 | 339 | 9.00% | Breakout | 21.Nov.2013 | HOLD | Investment |
.
| KPIT | 147 | 146 | -0.68% | Breakout | 21.Nov.2013 | HOLD | Investment |
.
| SASKEN | 145 | 152 | 4.83% | Breakout | 21.Nov.2013 | HOLD | Trading |
.
| NITINFIRE | 62.75 | 62.75 | 0.00% | Leadership | 04.Dec.2013 | HOLD | Investment |
No comments:
Post a Comment