Business Daily from THE HINDU group of publications
Sunday, Apr 26, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Sunday, Apr 26, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
|
|
|
|
|
Investment World
-
Technical Analysis Markets - Stocks
MUL declined sharply in the earlier part of the week but it reversed from our medium term support of Rs 740 to close the week on a flat note. Short-term trend in the stock is down. Immediate resistance for the stock is at Rs 826. Inability to move above this level can cause the correction to prolong and make the stock decline to Rs 735 or Rs 685. A move above Rs 826 will make the short-term trend positive paving the way for a rally to Rs 873. The medium term trend in the stock is up but it has already retraced half the losses made in the previous down-move. A medium term reversal is possible from the recent peak at Rs 873. Move above this level will give the next target at Rs 950. — Lokeshwarri SKMore Stories on : Technical Analysis | Stocks
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
|
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 © 2009, 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
|
