Southern Iron is making a falling WEDGE on the daily charts.
On monthly charts the retracement works out to Rs 13 which is 0.618 of the range from Rs 2.15 to the top of Rs 32.50, which is also near the lower trendline of the falling Wedge.
Good long term investment around Rs 13.00
Please check the chart for more details.
Wednesday, February 15, 2006
Southern Iron
Southern Iron is making a falling WEDGE on the daily charts.
On monthly charts the retracement works out to Rs 13 which is 0.618 of the range from Rs 2.15 to the top of Rs 32.50, which is also near the lower trendline of the falling Wedge.
Good long term investment around Rs 13.00
Please check the chart for more details.
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