Oct 10, 2013

CMC LTD. BUY RECOMMENDATION FOR MEDIUM TERM INVESTORS AND TRADERS

CMC LTD is a TATA GROUP Company.
We recommend a buy for medium term traders and investors with a Target Price of Rs1606.
There is going to be a boost in next result announcements as well as the company is expected to give higher guidance for its export based services.
The promoter group can also announce a stake hike in the company.
All are source based information.
Technically speaking there is highly reliable cup and handle pattern which has been formed on the monthly chart as you can see in the image.

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Posted on 7:55:00 PM | Categories: