#Tatametali

Fib levels

Stock peaked out at 1.618 extension of last swing at 1373.7. Now consolidating around 1.272 extension level.

Can potentially do 2055 after taking out 1388.

Will wait for breakout. Metals are looking prime for next run.

More from Mayank Narula

I did this comparison between Aarti Drugs and Tata Elxsi back in Oct when Tata Elxsi was at 1200-1300. Now it is 4200+.

Here is one more stock displaying similar characteristics: Mayur Uniquoters.


#MayurUniq

Coming out of 7 years consolidation.

Weekly and monthly RSI crossing over 70.

Can it do what Aarti Drugs and Tata Elxsi did in last 1 year?


#MayurUniq

Monthly RSI crossed over 70 in Sep'09 and stayed till Sep'11.

Stock did 5x in that time.

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