• 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 a rocky ride for the investors in this stock last week. The price plunged below our stop loss level of Rs 2,300 and then rose sharply on Thursday to close with a weekly gain of 0.9 per cent.

The bullish breakout of the previous week has come to naught due to last week's choppy move. The stock seems to be continuing the sideways move that began in November 2006.

The medium-term outlook for this stock continues to be positive. For the week, the stock can move upwards to Rs 2,429 and then Rs 2,535. Hold your longs with a stop at Rs 2,250.

Lokeshwarri S. K.

More Stories on : Technical Analysis | Stock Markets

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

Stories in this Section
Update

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