Hot Intraday Stock Picks and Tips for 13th January, 2012: BUY SUNTV
Hot Intraday Share Tips for 13th January, 2012: BUY SUNTV
On Daily Charts, SUNTV has made a Long White Candlestick Pattern, with a considerable good spurt in Volume. The Stock has also crossed the upper trendline marked from the month of October on the closing basis.
It is trading much below its 200-Days SMA (Simple Moving Average) of 320.98 and has moved above its 50-Days SMA and 20-Days EMA (Exponential Moving Average) of 274.79 and 279.64, respectively on the closing basis. The stock may touch its 200-Days SMA in the forthcoming trading sessions. It made a high of 302.45 for the day and closed at 297.75.
The 14-Days RSI (Relative Strength Index) is quoting at 60.95 on the Charts (RSI above 50 indicates strength or confirms the Buying signal). The Positive Directional Index (28.20) is trading above the Negative Directional Index (21.72). ADX (Average Directional Index) is quoting at 10.58 on the Daily Charts. ADX’s value below 20 indicates that the stock is in the trading range.
Hence, it is recommended to buy SUNTV only if it trades above 300 for the Targets of 306 & 310, with the strict Stop Loss of 296.
Contributed By: Sonal Natani MS(Finance), ICFAI, Hyderabad.
Equity Research Analyst, Indore