• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

The stock took a step lower in the first half of last week to touch an intra-week low of Rs 1144.2.

The short-term trend has turned negative; the medium-term outlook, however, remains positive. We will need a fall below Rs 1,080 for the medium-term trend to reverse.

We can expect the price to move in the range between Rs 1,190 and Rs 1,140 next week. Traders can consider buying near the lower boundary with a tight stop at Rs 1,138.

A breakout above Rs 1,190 will take the price to Rs 1,230 and then to Rs 1,247.

Lokeshwarri S. K.

More Stories on : Technical Analysis | Stock Markets

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Innovations in online broking — Is the future flat?

Copyright © 2006, 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