20 MICRON in Bull market from MAR-2011

Kaushik hariyani – Chartideas.wordpress.com

Support line fro

m March 2011

Breakout in Aug @ 105 made 150Again retested 105in Sep and made 135 now again retested 105

20 MICRON in Bull market from MAR-2011

Kaushik hariyani – Chartideas.wordpress.com

BREAKOUT LINEBREAKOUT LINE

Now Keep SL of 100 on Closing basis and buy.Above 115 – 119 is resistance and then122. Once 122 is crossed and closed we could see 132-145-170 inShort to medium term and 210 -270 in medium to long-termThis stock is in bull market of its own. Once closes above blueLine average it will begin its new big move

20 MICRON in Bull market from MAR-2011

Kaushik hariyani – Chartideas.wordpress.com

I would say this is in a bull market even before the market has resumed itsBull market and may test retest 105-100 levels if market remains choppySo don’t panic and give it a little time and SL if hits don’t panic buy above again 105 and Stop loss if on closing weekly basis below 100 then only exit.As it can give you double and triple returns in time to come so 10-15Rs stop lossIs just 10% on today's close price of 114 which is justifiable if you will get 100-150%Returns in may be less than a year or two.

Kaushik hariyani – Chartideas.wordpress.com