Tuesday, April 24, 2012

Technical Analysis of stocks

JSW steel
Today made a low of 693 and sustained that level for past  1 1/2 hr.
Volume changed was good in 1 hr to bring a support around 693-94.
MACD and ROC are giving a signal of change in trend.
Upside can be seen tomorrow.

KRBL
Gap up opening was seen today in stock
Volume was around 5 times as compared to previous trading day.
The gap of previous closing and opening should be filled to have sustianable growth.
trading below 20.50 can give a signal of completing the gap.

Sterlite
Price failed to closed above 110.. and it slide with nifty the day before yesterday.
The volume was less when the price closed 5 rs down... so bounce back can be seen again.
Daily chart is yet positive.

Hindalco
If the price sustained above the closing price with good volume in morning then a positive
movement can be seen.
otherwise the price yet will be bearish zone.

JP associate
Price will be range bound with overall negative side of movement.

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