• 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

Lokeshwarri S. K.

This stock moved in line with our expectation, weakening to a low of Rs 968.

The price has been moving sideways since the beginning of October, forming a rounding top.

This has caused weakness in the weekly and daily momentum oscillators.

The volume is also decreasing on this counter. Hold your long positions with a tight stop at Rs 948. If the price closes below Rs 950, it will be the cue to initiate short positions on this counter. Upper targets for this week would be Rs 1,000 and then Rs 1,014.

More Stories on : Technical Analysis | Stock Markets

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

Stories in this Section
Investment Quiz

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