From: MARKET TRENDZ <trendzofmarket@gmail.com>
Date: Mon, Jun 2, 2014 at 8:52 AM
Subject: Eros Media: Is it really turning around?
To: CLIENTS
BUY 1000 EROS MULTI MEDIA 170-172 SL 164 ON CLOSING BASIS TGT 230-IF CROSS 230 BIG MOMENTUM SEEN---- JUST 4 DAYS STOCK ZOOMED TO HIT 204 NOW ---PROFIT 30000 RS IN NO TIME
UPDATION : TIME 1.09 NOW---EROS IS ON FIRE NOW TODAY MORNING WE POSTED THIS ON BLOG IT WAS TRADING AT 204--- NOW TGT ACHIEVED --PROFIT 59,000 RS ----BOOK PROFIT
Is Eros Media turning around or this just a case of Rising Tide Leaking Boat?
Here’s the Eros Media Weekly Chart
As you can see in the chart above: Eros Media stock made a stunning Trendline Breakout move from 160 to 194 post elections. But since then stock has given up most of the gains and is now at 172.
This move raises the question: Is the breakout for real? If the answer is yes: then the current pullback is an excellent buying opportunity but if the breakout is fake and happened only because of election results – then this may be just a trap.
How should one play it? One can make an assumption that the move is for real. Buy at cmp and if stock slips below 164 – then exit. If the breakout is for real – then one can look at potential target of 230.Just keep an eye on how this works out.
Date: Mon, Jun 2, 2014 at 8:52 AM
Subject: Eros Media: Is it really turning around?
To: CLIENTS
BUY 1000 EROS MULTI MEDIA 170-172 SL 164 ON CLOSING BASIS TGT 230-IF CROSS 230 BIG MOMENTUM SEEN---- JUST 4 DAYS STOCK ZOOMED TO HIT 204 NOW ---PROFIT 30000 RS IN NO TIME
UPDATION : TIME 1.09 NOW---EROS IS ON FIRE NOW TODAY MORNING WE POSTED THIS ON BLOG IT WAS TRADING AT 204--- NOW TGT ACHIEVED --PROFIT 59,000 RS ----BOOK PROFIT
Is Eros Media turning around or this just a case of Rising Tide Leaking Boat?
Here’s the Eros Media Weekly Chart
As you can see in the chart above: Eros Media stock made a stunning Trendline Breakout move from 160 to 194 post elections. But since then stock has given up most of the gains and is now at 172.
This move raises the question: Is the breakout for real? If the answer is yes: then the current pullback is an excellent buying opportunity but if the breakout is fake and happened only because of election results – then this may be just a trap.
How should one play it? One can make an assumption that the move is for real. Buy at cmp and if stock slips below 164 – then exit. If the breakout is for real – then one can look at potential target of 230.Just keep an eye on how this works out.
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