By | August 10, 2008 2:54 pm

The stock is looking bullish on its daily chart, as it has given close above
Short-term trend line as well as its 50 DMA with significant volumes on
Friday. Leading Indicator RSI (Relative Strength Index) is rising with
positive divergence and has reached above the benchmark level of 50.
Considering the technical evidences discussed above, we recommend
buying the stock for position trading at current market price for the target
of 575, keeping a stoploss of 510

Category: Daily

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

Leave a Reply