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Thursday, July 7, 2011
FREE INTRADAY TIPS FOR TRADING DAY TRADERS
Rs396): On the daily chart, the stock gave an
upside breakout in Wednesday’s trading session. It
suggests that the sideways range is about to end
and may reverse into an uptrend. On the daily line
chart, stock has given breakout from multiple
peaks at Rs383. Volumes have shown phenomenal
increase in last two trading sessions. Moreover, for
a second consecutive trading session, the stock
managed to close above its 200-DMA signifying
strength in the medium term chart and is expected
to remain strong in near term. On the oscillator
front RSI is corroborating uptrend showing positive
crossover. Based on above technical evidences, we
recommend traders to buy the stock above
Rs386 with SL of Rs381 for target of Rs396.
Negative breakout
Company name CMP
10 Days
MVG avg
Price %
chg
