Business Daily from THE HINDU group of publications
Tuesday, Oct 16, 2007
ePaper
Business Daily from THE HINDU group of publications Tuesday, Oct 16, 2007 ePaper |
|
|
|
|
|
|
|
|
|
|
|
Home Page
-
Technical Analysis Markets - Recommendation 
ICICI Bank The stock is currently trading near its life time high. Fresh buy should be made only when the stock move above Rs 1,125. Infosys On Monday, the stock lost its initial gains and is in flag pattern formation - a continuation pattern. We recommend a sell. L&T The stock is facing a key resistance at Rs 3,505 levels. We recommend a buy only when the stock breaches this resistance. ONGC Accompanied with good volumes, ONGC marked an all-time high in the last trading session. With this, the daily momentum indicator has reached overbought levels and we believe that a near-term correction is likely to happen. Sell only when the stock reverses from Rs 1,224. Reliance Capital The short-term uptrend is intact and signals further bullishness on this stock. We recommend a buy. Reliance Communications RCom recorded a new high in the last trading session. Short-term outlook for the stock is bullish. We recommend a buy in this stock. Reliance Industries In the last trading session, the stock broke through the flag pattern. We anticipate RIL to make new high in the near-term. Buy the stock in dips with tight stop-loss at Rs 2,634. Satyam Computer The stock is hovering around a key support level of Rs 439. Buy only when the stock reverses from this support. SBI The short-term outlook for SBI is bullish. Fresh long should be made only when the stock moves above Rs 1,984. TCS The short-term outlook for the stock is bearish. Sell the stock with tight stop at Rs 1,095. Yoganand D.
More Stories on : Technical Analysis | Recommendation
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
|
