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Stock Picks

Tags : stocks, technical analysis, trends
Industry : Equity Research/Analytics
Functional Area : India
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About "Stock Picks" topic:

Purely technical analysis

1 insight on topic: "Stock Picks"
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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. Thi...
 
 
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