Sunday, March 16, 2014

9776 FARMBEST





A positive breakout on 13/3 with vol of 652k about 2.6x of av vol of 253k. The breakout was further convinced on 14/3 by huge trading vol of 2.7mil. Initial resistance at 0.75 - 0.78 range followed by 0.83 barrier. A breach of 0.83 may pave way for the bulls to challenge the previous 52 week high of 0.95. Immediate support at 0.64; followed closely by 0.61 mark.


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