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Aggressive Buy:- Igarashi Motors


BSE: 517380 | NSE: IGARASHI | ISIN: INE188B01013 | SECTOR: ELECTRIC EQUIPMENT, MARKET CAP: 5.26 Cr

Accumulate @ cmp 171.50, Stop Loss 150, Target 270, 425................... Risk Reward of 1:12


Analysis :  Igarashi Motors chart has respected the trend line, so well  that it has made a higher bottom took support on  rising trend line and move ahead further, at a current juncture we again see a trend line volume bullish bar reversal and resumption of new bullish trend  ahead. 

Elliott Count:  According to Elliott Wave count we are resuming a (iii) of 3rd long term super cycle bull market, the target could be as high as 270,425 and more. 

We recommend a aggressive buy at current market price of 171.50 for target of 270, 425........with stop loss of 150.


{27.06.2014}


Igarashi Motors India Ltd ( Weekly Chart)



























Disclaimer:All information given here is largely based on technical analysis which is highly dynamic in nature and relevant only at a particular point of time. Users are advised to pursue these recommendations only at their own risk and first consult their personal investment advisor when making investment decisions. We are not liable and we take no responsibility for any loss that you incure by trading/investing on our recommendations. these study are posted for educational purpose only.

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