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Showing posts with label ICSA. Show all posts
Showing posts with label ICSA. Show all posts
Sunday, May 29, 2011
Saturday, August 14, 2010
Friday, May 14, 2010
Wednesday, February 10, 2010
Wednesday, September 16, 2009
Wednesday, September 02, 2009
Friday, July 31, 2009
ICSA India
We recommend a buy in ICSA India from a short-term perspective. It is evident from the charts that the stock was in a medium-term downtrend from a June high of Rs 214 to a July low of Rs 138. The band between Rs 138 and Rs 150 is a key long-term support. The stock is currently trading above its 21 and 50-day moving averages. Moreover, it appears to have resumed its intermediate-term uptrend that has been in place since the March low of Rs 48. The daily relative strength index (RSI) has entered in the bullish zone and the weekly RSI is on the brink of entering into this zone. Besides, both daily and weekly moving average convergence and divergence indicators are hovering in the positive territory. From the short-term perspective we are bullish on the stock. We expect its rally to prolong until it knocks our price target of Rs 206 in the forthcoming trading sessions. Traders with a short-term perspective can buy the stock while maintaining a stop-loss at Rs 177.
via BL
Tuesday, January 06, 2009
ICSA India
We recommend a buy in ICSA India from a short-term trading perspective. It is evident from the chats of ICSA India that it was on an intermediate-term downtrend from August peak to late December 2008 low (from Rs 400 to Rs 127). However, the stock found support at this December low and reversed direction. This trend reversal has been backed by positive divergence displaying in the weekly relative strength index (RSI). A positive divergence is also noticed in daily moving average and convergence and divergence. On January 2, the stock penetrated its intermediate-term down trendline by jumping 6 per cent, accompanied with good volume. Subsequently, it breached 21-day moving average, reinforcing the bullishness. The daily RSI is rising in the neutral region towards the bullish zone and weekly RSI is on the brink of entering the neutral region from the bearish zone. We are bullish on the stock from a short-term perspective. We expect it to move up until it hits our price target of Rs 166. Traders with short-term perspective can buy the stock while maintaining a stop-loss at Rs 142.
via BL
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