Equity Technical Pick - EMMBI 14 Sept 2016

Short Term Positional Call - EMMBI

Sell Emmbi - CMP - 125.50

Three Black crows

After our Previous Target dated 9 Sept 2016 for 160+ with a Stop Loss of 120.90, the stock has changed its trend and seems to be correcting itself. After forming Three Black crows, it indicated a trend reversal and is currently Strongly recommended to fall.

Technical Analysis - Strong Sell

Moving Averages (5,10,20,50,100,200) - Recommend Selling
RSI(14) - Sell
MACD (26,12) - Sell
William %R - Sell

Also, it is a bit expensive stock in its Industry with a P/E of 19.98 against Industry P/E of 17.04.

EPS - 5.99 against Industry EPS of 25.83. 

Hence it is a Sell Sell situation allover.

However it just seems to be a correction phase and the stock will be ready to get back and chase its target of 160 after forming Support near 120-115. It is more of a Speculative Share currently.

But with a EPS growth rate of 30.91, it can attract Long Term Investors.

Week only below 110.

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