ALUF SHARE PRICE

kasun333 · 1 ALUF SHARE PRICE Sun Apr 10, 2016 9:46 am

kasun333

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For All please explain technical uptrend of ALUF:N

what would be the share price after 1 month will hit 45+

EquityChamp · 2 Re: ALUF SHARE PRICE Sun Apr 10, 2016 10:38 pm

EquityChamp

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1st March 35.50
4th March 29.60
9th March 23.50
11th March 32.50
15th March 29.90
18th March 34.10
23rd March 34.60
24th March 33.70
29th March 31.10
31st March 32.40
5th April 35.40
8th April 35.50

Now look at the trading pattern of ALUF. It has reached its CMP of 1st March by the end of trading on last Friday. Also during the whole of last week the share was trading around 35/-. Now the share is looking for its next direction. Key is market direction next week. The chances for the market are to move up next week and with that most likely ALUF will also move upwards. ALUF has been actively trading before the market crash since January but given the array of positive news coming in market is likely to move towards 6400 and if so ALUF will make a good attempt its favorite range between 40/- to 45/- level. This is my view.

Last edited by EquityChamp on Sun Apr 10, 2016 10:46 pm; edited 1 time in total (Reason for editing : Typo)