Monday, December 5, 2011

Geometric Limited: “Wait, Watch and Hook”

Geometric Limited is looking attractive according to Technical aspects. The company had managed to break the downtrend channel. I would not recommend to Buy at this level as RSI is “not” showing +ve signals. It would be better if we buy it after a short correction. As geometric have started testing resistance, it would be better if we buy after correction. Geometric have “not” shown any reversal.

As MACD  is bit strong, I feel we may spot a BARR- Bump & Run Reversal. I am confident on my analysis.

“Wait, Watch and Hunch”