Business Daily from THE HINDU group of publications
Thursday, Sep 20, 2007
ePaper
Business Daily from THE HINDU group of publications Thursday, Sep 20, 2007 ePaper |
|
|
|
|
|
|
|
|
|
|
|
Home Page
-
Stocks Markets - Technical Analysis 
ICICI Bank The stock broke above the key resistance at Rs 932 backed with good volume. The daily momentum indicator has entered the bullish region. We maintain our buy recommendation on this stock. Infosys On Wednesday the stock opened with an upside gap. We believe that the ceiling of the gap around Rs 1,840 would act as an immediate support for the stock. Buy the stock if it reverses from this support. L&T The positive close above Rs 2,650 shows that the stock has resumed the uptrend, following the sideways movement. Buy with a stop at Rs 2.650. ONGC The stock opened above the resistance at Rs 853 on Wednesday. The close above long-term averages is also a positive. Buy in dips. Reliance Capital Bullish momentum continues. Buy with a tight stop loss. Reliance Communications As anticipated, the stock resumed the uptrend. Buy. Reliance Industries Reliance Industries recorded a strong break-out after two weeks of consolidation. We continue with our buy recommendation. Satyam Computer The stock has formed a spinning-top in the daily candle-stick chart, indicating indecisiveness. We recommend not to trade this stock for the day. SBI The stock closed at a record high. We recommend buying in dips as long as it remains above its previous peak of Rs 1,745. TCS The stock is struggling to hold on to higher levels. Sell if the stock fails to move above Rs 1,040. Yoganand D. BL Research Bureau (The analysis and opinion expressed in these columns are based on the technical analysis of the past price behaviour. The stop-loss level provided with the recommendation is important. The original view would stand negated if the stop-loss level is breached. There is a risk of loss in trading)More Stories on : Stocks | Technical Analysis
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2007, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|
