Nifty Next: Mandhana Industries(MANDHANA):-A MultiBagger,Buy/Sell/Hold,Growth Pospects and Recomendation,News and Results,Target Price and Analysis,Views and Outlook

Sunday, May 1, 2011

Mandhana Industries(MANDHANA):-A MultiBagger,Buy/Sell/Hold,Growth Pospects and Recomendation,News and Results,Target Price and Analysis,Views and Outlook

MANDHANA closes at 242 with a fall of -2.% on 29 April 2011 with formation of Bearish Long Black Candle on Daily Price Chart. Technically, MANDHANA is in Bearish zone. Momentum Index Spearman & FVE are in bearish mood. PIR Daily is below its Weekly Value. Swing 350 is also looking weak in daily price charts

We Recommend to Sell –MANDHANA at CMP

Target- 211

Time Frame- 20 Trading Days

Stop-Loss -250

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