TKYO.N breaking the triangle

outlook · 1 TKYO.N breaking the triangle Tue May 13, 2014 4:28 pm

outlook

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TKYO.N is seems like breaking a triangle and if hold 40 level on Friday, then can be tested around 42 -43 levels.

Balanced_Views · 2 Re: TKYO.N breaking the triangle Tue May 13, 2014 5:04 pm

Balanced_Views

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outlook wrote:TKYO.N is seems like breaking a triangle and if hold 40 level on Friday, then can be tested around 42 -43 levels.

Yes it might go to 47 levels

cse1981 · 3 Re: TKYO.N breaking the triangle Tue May 13, 2014 5:19 pm

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We feel that the rally that started from February 2014 at Rs. 32 is at or will be nearing an end. TKYO has rallied more that 15% and we feel that Rs. 40-42
will be stiff resistance for this stock. We cannot recommend buying at these levels as the risk far outweighs the reward.

celtic tiger · 4 Re: TKYO.N breaking the triangle Tue May 13, 2014 6:21 pm

celtic tiger

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cse1981 wrote:" />

We feel that the rally that started from February 2014 at Rs. 32 is at or will be nearing an end. TKYO has rallied more that 15% and we feel that Rs. 40-42
will be stiff resistance for this stock. We cannot recommend buying at these levels as the risk far outweighs the reward.

I think this share will break Rs 40-42 barrier if it can maintain EPS around 2 this quarter as well. I can see some big buying at 40. For me earning of a company tells more than a chart.

Balanced_Views · 5 Re: TKYO.N breaking the triangle Tue May 13, 2014 6:57 pm

Balanced_Views

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.[/quote]

I think this share will break Rs 40-42 barrier if it can maintain EPS around 2 this quarter as well. I can see some big buying at 40. For me earning of a company tells more than a chart.
[/quote]

Yes I agree that with good EPS, this share will move up to 50 levels. TKYO has rallied a lot more than 15% over the last 6 months based on good fundamentals and PE is still good. Its a BUY