Signet Industries: ₹17.Double bottom support,Resistance near ₹26

3 Apr 2017

Signet Industries: ₹17.is trading near the Double bottom
support ₹15:50 Resistance near ₹26.
A break out from this level can go to ₹45.
support: ₹15.50

17 Apr 2017

Nota

This Ugly Duckling, getting more uglier, but worth investing for a long term view.
Friends, In my postings some time, I forget to mention the time frame, & approaches.
I am following all, long term, short term, & swing trade approaches. The recent Elliot waves counts posted for a long term view only. if you have any quires, please use the comment sessions to follow up.

19 Apr 2017

Nota

Trading at 13.95 now, blow the previous bottom. There is no major support till 9.85

19 Apr 2017

Nota

18 Mei 2017

Nota

Not moved as expected. made a further low 11.15

2 Jun 2017

Nota

signet But,still going south,it almost reached the said support level 9.85

2 Jun 2017

Nota

Sir,Good Morning,Can Signet Industries could be bought at current levels.Please..Thanks..

Such queries ware many from my colleagues too. if you are not buying at this level when you will buy.
SIGNET was trading at 367 in march 2014, and came down to 260in correction in late 2014, made a demerger that year,
I dont remember the ratio, but came down to 100 level. then in 2015 i think there was a spilt 10 to 1 bring the price down to 13 rupee.
that year the stock made its historic low 8.70.

what i mean to say is that, i am not interested in penny stock, but i cannot consider this as a laggard
as the company is having a 900cr business and it is having a consistent growth, but very slow now.
it is definitely a beaten down stock, and in long run it can give good return.

14 Jun 2017

Nota

Made a historic low7.85 and recovered strongly 18% up to 9.25

16 Jun 2017

Nota

next res:11.65