Mid Term Pick- Buy Thermax Ltd.

·        Stock has made 52 week high 926.50 (11^th June 2014) & 52 week low 526 (5^th Sept. 2014)
·        Stock has given probable up flag breakout by closing above 920 levels which is bullish signal.
·        Stock was consolidating from past few trading sessions and finally able to manage come out of range.
·        As per RSI it was resisting at level of 65 in the month of May 2014 and now at same level it takes support which suggest bullish signal.
·        Other Indicators like MACD, ROC & ADX suggest buy signal.
·        Stock is above its 20 days SMA, 50 day EMA & 200 days EMA suggest strong uptrend.



Strategy - Buy Thermax Ltd. CMP- 920 Target- 1100-1150 SL- 890 (Closing basis- Time: 2-3 months).