Wednesday, November 21, 2012

Indian stock market blog post

Here's a stock that I like here from the Indian stock market. As you can see in the chart below, MCX has been in a continuous uptrend and has gained around 40% in the last three months. And it actually looks good for more. Its been consolidating in the last few days. A few more days like this and it would be all set to tackle the resistance of 1600. I particularly like the bullish volume pattern - high volume on up days and low volume on low days.

Take care and good luck.

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