Business Daily from THE HINDU group of publications
Sunday, Feb 24, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Sunday, Feb 24, 2008 ePaper | Mobile/PDA Version |
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Investment World
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Technical Analysis Markets - Stock Markets 
It was a roller-coaster ride for investors in Satyam Computer. The stock made a valiant attempt to move past the resistance band between Rs 440 and Rs 450 on Thursday but reversed in the next trading session. The chart pattern in the stock since the beginning of February suggests a running correction that has bullish connotations for the medium term. Weekly momentum indicators are beginning to look up. A weekly close beyond Rs 460 should set the stock on the road towards its all-time high again. However, the stock could stay volatile in near-term with resistance being experienced at Rs 465 and then Rs 480. Supports will be at Rs 416 and then Rs 380. More Stories on : Technical Analysis | Stock Markets
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