Build your professional network on facebook via our app Go to app
 
Topic : Stock Picks
  Rate : 
Posted in Community :

Sultans of NSE

 
Industry : Equity Research/Analytics Functional Area : India
Activity:  0 comments  362 views  last activity : 07 06 2010 20:18:04 +0000
Share
 
 
 

One the stock that looks good on charts is IDEA.  

Although, the attached chart speaks for itself, i'd point out a few obvious facts that's thrown out from the chart.

>Stock has formed a double bottom.

>Moving average crossover signals bullishness.

>Healthy volume signals accumulation.

>Fibonacci levels indicate that the stock is taking support at 23.60% level with slight resistance at 38.20% [Rs.62.25] level.

>Targets - Short to Medium term - Rs. 61.50; 65 and 71.

 


Disclaimer: No Funda-'mental' views or arguments taken into account.  Strongly believe that ALL the fundamental news and factors are already factored in by the Charts.  Purely a NIFTY trader, i personally do not go beyond NIFTY. This is just one of the stocks that i came across while browsing through my charting package.  Best wishes.

Idea

 

 

 

 

 
0 comments on "Short Term Stock Pick"
Add your comment on "Short Term Stock Pick"

Rate:
Submit
Leading professional Executive Search and Management Consultancy Group
  • Create a confidential Career Profile and Resume/C.V. online
  • Get advice for planning their career and for marketing of experience and skills
  • Maximize awareness of and access to the best career opportunities
Viewers also viewed
The latest figure say that 2011 has seen a downward trend in marketing via twitter and facebook....
 
1648 referals 12 arguments, 502 views
Technical writing vs Content/Blog writing
 
561 referals 10 arguments, 481 views
Quality has word of mouth publicity vs Marketing is somewhat necessary for awareness
 
1249 referals 30 arguments, 596 views
more...  
Recent Knowledge (48)
17 Management Funda's1. "We will do it" means "You will do it" 2. "You have done a great job"...
 
29 referals 1 comments, 105 views
Isn't it amazing, that Indian Government has miserably failed to handle a major issue like this,...
 
0 referals 2 comments, 153 views
India-Iran Drama Continues If Iran really was behind the February 13 attack  on an Israeli...
 
98 referals 4 comments, 72 views
more...  
More From Author
Previously i had posted an article arguing as why the undertone in NIFTY remains bullish.  Now, NIFTY seems to have turned bearish [yes, despite today's upmove]. NIFTY is most likely to move upto 5050 [20EMA level] and then reverse.   Today's...
Update : Yesterday [21-12-2009] NIFTY managed to close around 4950 level. Today [22-12-2009] with the way Asian markets are performing [1-2% +ve] looks like we the mentioned level of 4950 will hold and in fact we should see 5000+.
NIFTY daily charts - Support seen at 4950.  - Oversold indication. - Overall trend may or may not have been formed. Bullish undercurrent still intact. - Any dip to 4950 levels should be used to go LONG. - Chances of breaking 5180/5200 level...
more...