TRACKING TECHNICALS - MTT BUY ON TUBE INVESTMENTS Of INDIA ::anand rathi

SCRIP NAME :  TUBE INVESTMENTS                    SECTOR : Cycle Tubes & Accessories                       Date : 18th July , 2012

CURRENT TREND : Bullish                 Time Horizon :  0-3 Months          Buy in the Range of  Rs.146-153                   Stop loss Rs.133         (ON CLOSING BASIS )

TARGET: Rs.  183 

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TUBEINVESTMENT- Rs.152 :The Stock has formed an ' Inverted Head & Shoulder ' pattern on weekly charts and looks very good to break-out above Rs.170 very soon which is also its all time high  and further target higher levels like Rs.183 & Rs.200 also in the months to come. TUBE INVESTMENTS has been trading above all major moving averages, with the 50DMA & 100DMA Rs.141 and 200DMA Rs.132.

Thanks & Regards