Business Daily from THE HINDU group of publications
Sunday, Jul 05, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Sunday, Jul 05, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
|
|
|
|
|
Home Page
-
Chemicals Investment World - Stocks Markets - Recommendation 
Investors with a medium-term perspective can consider investing in Rashtriya Chemicals & Fertilizers (RCF). The stock bottomed in November 2008 at the significant long-term support level of Rs 25. Since then, it has been trending upwards shaping higher peaks and troughs. In early June, RCF conclusively penetrated a key resistance level of Rs 70 and was able sustain above this level on daily closing basis. The stock is undergoing a sideways consolidation in the range of Rs 70 and Rs 89 for the past one month. Both the weekly and monthly momentum indicators are exhibiting bullish momentum. In short-term, the stock has the potential to move up to Rs 89, traders can buy with stop at Rs 76. Medium-term investors can enter with a target of Rs 100 and hold as long as it trades above Rs 70 . — Yoganand D.
Rashtriya Chem to restart production at urea unit Rashtriya Chem net up 14% Rashtriya Chemicals puts capex plan at Rs 600 cr More Stories on : Chemicals | Stocks | Recommendation
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
|