Continuing the series of following mutli-year highs and all time highs.
JMC Projects
-> For the last 3-5 years stock has faced resistance at 200-220.
-> A good rounding formation over the years and a breakout into multi-year highs.
-> Strong volumes seen in the recent upticks.
-> The highs of 2007-2008 are 500-550.
-> This can be a start of a new bull market.
-> Support at 180-200.
#Disclosure – My views will be biased as have vested interests in the stock from 200-205.
DISCLOSURE
Nooresh Merani
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