• 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.

Even as its peers went in to an overdrive, this stock languished.

This stock made an intra-week low of Rs 484.5 on Friday before closing above our support of Rs 490. The stock is hovering below its 50- and 200-day moving averages. A close above Rs 520 is required for the bearish bias to disappear.

We maintain our neutral outlook.

A fall below Rs 490 will drag the price to Rs 456. The more aggressive can initiate short positions on this counter with a stop at Rs 515.

More Stories on : Technical Analysis | Stocks

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

Stories in this Section
Blue Dart - Delisting offer: Avoid

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