Thursday, December 10, 2009
BALRAMPUR CHINI - Add some sweetner to your portfolio.
Stocks rising from under the ZERO line MACD are assumed to be good outperformers in short term. One such stock is this.
Buy this at current price 143, SL-135, T-170, RR-1:3
The strong reasons on the chart are,
1) Channel formation is visible. The stock is bouncing back.
2) MACD - Crossing the ZERO LINE quite convincingly
3) RSI - Positive
I believe there is some action to come in near term for this stock.
Happy minting money,