Business Daily from THE HINDU group of publications
Sunday, Nov 26, 2006
ePaper
Business Daily from THE HINDU group of publications Sunday, Nov 26, 2006 ePaper |
|
|
|
|
|
|
|
Investment World
-
Technical Analysis Markets - Stock Markets Lokeshwarri S.K.
Lupin staged a sharp recovery from the low of Rs 405 in July to hit a high of Rs 550. The price has been consolidating in a broad range since then. The long-term averages are supporting this stock in the short term. Short-term investors can buy with a stop at Rs 485. The stock can move upwards to Rs 548 and then to Rs 605 in the short-term. The structural bull picture will be intact as long as the price stays above Rs 450. Long-term investors can take position with a stop at Rs 450. The stock has the potential to rally beyond Rs 800 in the long-term. Follow-up Aztec Software (Rs 160.2) Aztec software hit an intra-week high of Rs 169 and closed almost unchanged from previous week's close. Since, the stock spent the week moving sideways, our short-term and long-term view and recommendation remain unaffected.
(Note: The analysis and opinion expressed in these columns are based on the technical analysis of the past price behaviour. Opinion and price targets are based on the Elliott Wave Analysis. 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 : Technical Analysis | Stock Markets | Pharmaceuticals
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 © 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
|