Saturday, November 19, 2011

Stock Market Prices|Pantaloon Retail share price rise on high volume



198.40 +16.30 (8.95%)
Nov 18 - Close

For the last couple of days the shares of Pantaloon retail has been increasing in price. This upward 
movement was also supported by high volumes. This means that there is immense interest in the stock. 

The slope of the 9-day MA has changed from negative to flat which is highly significant. This shows that
there has been a recent shift in the mentality of the market crowd. If you see the slope changing to positive
on high volumes then you can go long on the stock.


Kindly note that the advice we provide are based solely on technical analysis. There are thousands of factors that can affect the price of a stock. So do not rely solely on our tips. Please do listen to news and also perform your own analysis to determine whether you should enter a position or not. We would not be held accountable for any loss you might suffer in process of trading. The above are for information purposes only, trade at your own risk.

No comments:

Post a Comment