• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

It was the third week that this stock has spent in a somnolent state. While the short-term trend was indecisive at the end of the previous week, it is beginning to take a positive bias now.

The oscillators in the daily chart underline this view. The stock can move upwards to Rs 2,317 and then Rs 2,366 in the short term. A rally beyond Rs 2,366 will give the stock the medium term target of Rs 2,451.

Buying is recommended in this stock with a stop at Rs 2,180.

Support below Rs 2,180 exists at Rs 2,100.

Lokeshwarri S. K.

More Stories on : Technical Analysis | Stock Markets

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Stock splits not money for jam

Copyright © 2007, 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