India Equity Analysis, Reports, Recommendations, Stock Tips and more!
Search Now
Recommendations
Showing posts with label Automotive Axles. Show all posts
Showing posts with label Automotive Axles. Show all posts
Sunday, July 25, 2010
Thursday, July 22, 2010
Tuesday, June 30, 2009
Automotive Axles
We recommend a buy in Automotive Axles from a short-term perspective. It is apparent from the charts of Automotive Axles that after recording a multi-year low of Rs 70 in early March, the stock reversed its trend. Since then, the stock has been on an intermediate-term uptrend. Following a minor correction to the support level Rs 130, it resumed the uptrend. On June 22, the stock gained 6 per cent, reinforcing the bullish momentum. Further the stock surged almost 6 per cent, accompanied with above average volume on June 29. The stock is trading well above its 21- and 50-day moving averages. The daily and weekly relative strength indices are on the verge of entering the bullish zone. The weekly moving average convergence and divergence indicator are entering the positive territory. The intermediate-term uptrend line is intact. We are bullish on the stock. We expect it to continue its rally until it hits our price target of Rs 167. Traders with a short-term perspective can buy the stock while maintaining a stop-loss at Rs 143.
via BL
Sunday, April 20, 2008
Thursday, May 10, 2007
Monday, May 07, 2007
Merrill Lynch - Cognizant Technology Solutions, Automotive Axles, Raymond, Reliance Communications, Quantitative Strategy
Monday, March 05, 2007
Tuesday, January 16, 2007
Tuesday, November 28, 2006
Subscribe to:
Posts (Atom)