Stock Market Education

  FLUIDOMAT LTD CMP 128 ENTRY 120 TO 125 STOPLOSS 100 TARGET 250 TIME: 18 MONTHS   Incorporated in 1971, Dewas based Fluidomat Limited manufactures and sells a range of fixed speed and variable speed fluid couplings for industrial and automotive drives in India and internationally. The company offers constant fill/fixed speed couplings, variable speed-scoop controlled couplings,FNCT fill control couplings, and HLNs for combustion engine drives. Its products are used in various applications comprising conveyors, fans, pumps, crushers, grinders, pulverizes,ball mills, wire drawings and stranding, paper machineries, cement machineries, digesters,churners, mixers, beaters, centrifuges, oil extraction machines, mining machines,and other industrial machineries, as well as in industrial tractors, forklift trucks, aircraft toeing tractors, and combat vehicles in the automotive sector. The company serves cement;metal; paper and pulp; steel; harbor handling and port trusts; and coal, lign

  Both Sensex and Nifty made a fresh life-high (Sensex – 53126 & Nifty - 15915) on Monday but candlesticks formed a Bearish Opening Black body Marubuzo completing a Bearish Belt hold on Monday. Due to the above mentioned bearish formation, Nifty continued to drift lower until Friday, which saw a green body Spinning Top with a long lower shadow suggesting buying at lower levels. Friday saw the daily charts completing a 2-day Bullish Harami pattern, which requires confirmation. On the weekly formation, both the indices have formed a small Opening Black body Marubuzo but the small size of the body suggests more of neutral forformation.On the 2-week formation, it is a Bullish Thrusting pattern, which is a Bullish continuation pattern. Thus candlestick pattern suggests more upside and the short term target of Sensex 58818 and Nifty 17355 as well as the higher timeframe Target as per the long term Pattern formation remains intact at Sensex 79394 and Nifty at 23351. The above mentioned