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Steady appreciation of Hemas (HHL) Vote_lcap68%Steady appreciation of Hemas (HHL) Vote_rcap 68% [ 178 ]
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FINANCIAL CHRONICLE™ » CHRONICLE™ SUPPORT » Quarantined » Steady appreciation of Hemas (HHL)

Steady appreciation of Hemas (HHL)

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1Steady appreciation of Hemas (HHL) Empty Steady appreciation of Hemas (HHL) Wed Aug 31, 2016 8:13 pm

vic19

vic19
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Last few days if you can observe there is a steady progress in the share price of HHL.

Mainly lot of foreign purchases .

Looks like it will break 100 very soon.

I do have Hemas shares.

Let's hope it is will successful in the LHCL bid as well.

Thanks

2Steady appreciation of Hemas (HHL) Empty Re: Steady appreciation of Hemas (HHL) Thu Sep 01, 2016 8:03 am

EquityChamp

EquityChamp
Moderator
Moderator
True that Hemas appreciated steadily during the last few days but if compare with industry and market now the stock is trading at a premium to the relative valuation parameters.

However daily technical indicators show HHL as a strong buy having RSI of 71.6 which is in overbought condition. Anyway if a new comer wants to enter now there is nothing wrong but sometimes within another couple of days the share can be seen consolidating around these levels and buying at that time will be the best I think.

Thanks

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