Halonix Limited bullish breakout | 12-Nov-2011

Here is a technical chart of Halonix Limited listed on Indian stock exchange.

In the above chart, I’ve used the famous Japanese indicator – ichimoku kinko hyo.

Yesterday, the price of Halonix Limited CLOSES above kumo at Rs.73.25. Chikou Span (CS) line also closes above kumo. It is a very positive sign that this stock will move further up from here. The current bullish breakout may lead this chart to the level of 81 and then to 95.33 in coming days. Make a stop loss of 69.35 and then trailing stop-loss.

Hope you’ll make money here.