The chart above shows how ELECTCAST.NS
dropped after the SHORT
signal which was issued on 8/21/2014. Since then, the stock price edged down by a hefty 12.84%. This brutal bear move, however, may be over now. Our system warned us to cover the SHORT
positions and BUY
this stock. The BULLISH HOMING PIGEON
pattern that led to this bullish signal indicates that there is an upside potential of 9.61%. The signal has just been issued, so it is not late at all to throw the dice for a possible run-up. It is still early to say if this is a bottom or merely a reaction but we are quite confident that it may be one of these rare opportunities for bottom fishers.