Daily Technicals - Nov 1 2011
India Equity Analysis, Reports, Recommendations, Stock Tips and more!
Search Now
Recommendations
Showing posts with label Daily Technical. Show all posts
Showing posts with label Daily Technical. Show all posts
Tuesday, November 01, 2011
Tuesday, March 08, 2011
Tuesday, August 10, 2010
Monday, July 12, 2010
Thursday, July 01, 2010
Wednesday, June 30, 2010
Friday, June 25, 2010
Monday, June 21, 2010
Wednesday, May 26, 2010
Friday, March 12, 2010
Thursday, March 11, 2010
IDFC Ltd
We recommend a buy in the stock of Infrastructure Development Finance Company (IDFC) from a short-term horizon. It is apparent from the charts that after encountering resistance around Rs 180 in November 2009, the stock was on medium-term correction until it found support around Rs 142 in early February 2010. Subsequently, the stock started to move upwards, it penetrated the medium-term downtrend-line as well as 50-day moving average conclusively on February 26. Moreover, the stock appears to have resumed its long-term uptrend that has been in place since March 2009.
The stock is hovering well above its 21- and 50-day moving averages. The daily relative strength index has re-entered the bullish zone and weekly RSI is on the brink of entering this zone. Both the daily and weekly prices change indicators are hovering in the positive territory implying buying interest. Our short-term forecast is bullish on the stock. We anticipate it's upward journey to prolong until it hits our price target of Rs 182 in the short-term. Traders can consider buying the stock while maintaining stop-loss at Rs 156.
via BL
Tuesday, December 01, 2009
Tuesday, October 27, 2009
Monday, October 12, 2009
Friday, October 09, 2009
Tuesday, October 06, 2009
Monday, September 14, 2009
Tuesday, September 01, 2009
Subscribe to:
Posts (Atom)