Stock of the Day – Geometric Software

A trend-line break is supposed to showcase the end of a trend. But in case of Geometric, it seems to be a catalyst for a reversal as the stock has sharply moved higher after loitering below the trend-line but at a support zone for some time. While the stock is making a multi-year high, its all time high is a bit higher.

Delivery Volumes has been pretty high today and yesterday though on the negative side, the last time we saw such strong volumes was in October 2012 shortly before the stock topped out.

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About Prashanth

Have been a full time participant in the stock markets since 1996. Run a Yahoo Group where focus is exclusively on discussions of the Indian Markets using Technical Analysis as the tool (groups.yahoo.com/group/technical-investor)
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