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Showing posts with label Sterlite Technologies. Show all posts
Showing posts with label Sterlite Technologies. Show all posts
Saturday, May 26, 2012
Friday, October 21, 2011
Friday, February 18, 2011
Tuesday, February 01, 2011
Monday, January 31, 2011
Monday, October 25, 2010
LIC Housing Finance, Bajaj Auto, Educomp Solutions, Kotak Mahindra Bank, Power Grid, Sesa Goa, Sobha Developers, TCS, South Indian Bank, Info Edge
Friday, October 22, 2010
Wednesday, September 22, 2010
Sterlite Technologies
We recommend a buy in the stock of Sterlite Technologies from a short-term perspective. It is apparent from the charts of the stock that it has been on a steady long-term uptrend forming higher peaks and higher troughs from its January 2009 low of Rs 8.8. However, following a short-term correction from its high of Rs 123 this June, the stock found support retracing 23.6 per cent fibonacci retracement of around Rs 95 in early September. This level is also an important medium-term support level for the stock. On Tuesday, the stock gained 3 per cent closing above its 21-day moving average. We observe that there is an increase in volume in the past two trading sessions. The daily and weekly relative strength indices are rising in the neutral region towards bullish zone. Daily moving average convergence divergence oscillator has signalled a buy and is inching towards positive territory. Taking into consideration the presence of key support and its long-term uptrend still being in place, we are bullish on the stock. We expect it to move up until it hits our price target of Rs 102 or Rs 104 in the upcoming trading sessions. Traders with short-term perspective can buy the stock while maintaining stop-loss at Rs 96.
via BL
Thursday, August 12, 2010
Monday, March 29, 2010
Thursday, March 25, 2010
Saturday, October 24, 2009
Monday, June 29, 2009
Wednesday, April 02, 2008
Tuesday, January 29, 2008
Wednesday, November 21, 2007
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