shri laxmi cotsyn stock price forecast report
shri laxmi cotsyn stock price daily chart analysis
shri laxmi cotsyn share last closing was 77.8.on daily chart we can see short term trend is down and stock trading below all short term averages.
shri laxmi cotsyn share weekly average is 78.5 then monthly average is 80.6 and in last 3 month average is 83.5.all these are resistances from short term view.
so short term trend is down but momentum in showing signs of reversal.on reversal stock has short term target at 103.
shri laxmi cotsyn stock price weekly chart analysis
shri laxmi cotsyn share on weekly chart still is downtrend with bearish momentum.in sep 2012 stock hit low near 61 which is 52 weeks low as well as low point in last 2 years.
on upside 89 is 6 month average and then 97 is 12 month average while in last 102 is 2 years average.all these level are medium term resistances.on weekly chart look like stock has made bottom at 61 and now moving upside.
if any reversal comes here then stock has its medium term target at 124.
shri laxmi cotsyn stock price monthly chart analysis
shri laxmi cotsyn share on monthly chart also in downtrend and trading below major average.110 is stock 5 years average level.
in 2008 crash stock hit low of 19 and then after recent low was 61 in sep 2012.on monthly chart momentum indicators showing signs of recovery and if any reversal comes then we have long term target at 165.
shri laxmi cotsyn stock price historical chart analysis
shri laxmi cotsyn share on historical chart,shows that stock started journey at 2.2 in 2001 and in 2007 hit high of 190 which is 8500% return in 6 years period.then stock hit low of 19 in 2008 crash market and then again hit high of 200.which was 1055% return in year time period.
shri laxmi cotsyn stock price performance analysis
shri laxmi cotsyn share was under performer in last 1 year time frame.stock lost almost 32% while nifty gained 28% while sensex gained 25%+.so relative underperformance of 60%.
shri laxmi cotsyn share price outlook jan 2013
we picked this stock on pe and pb numbers and on loner term we expect 150-2005 return.on downside 40-60 is investment zone while short-medium and long term targets already given above.