Hot Stock Market Tips and Trading Ideas for July 27, 2010 (27/07/2010): Buy Infosys Technologies
July 26, 2010 by admin
Filed under Analyst's Corner, General
Hot Share Market Tips and Trading Ideas for July 27, 2010 (27/07/2010): Buy Infosys Technologies
On the Daily Charts INFOSYSTCH has moved up very well from its support level by making a high of 2810 for the day. The stock opened above its 20-Days EMA (Exponential Moving Average) of 2778.01 at 2790.00.
The Stock’s 50-Days SMA (Simple Moving Average) is quoting at 2727.09. 14-Days RSI (Relative Strength Index) has strengthened and is quoting at 54.71 on the Charts (RSI below 50 indicates weakness or confirms the Selling signal).
The Positive Directional Index (28.06) has crossed the Negative Directional Index (19.61), ADX (Average Directional Index) has gained strength on Intraday charts and is quoting at 12.73 on the Daily Charts. ADX’s value above 20 and near 40 indicates that the underlying trend is strengthening.
Hence, it is recommended to buy INFOSYSTCH only if it trades above 2812 for the Targets of 2850 & 2870, with the strict Stop Loss of 2780.
Contributed By: Sonal Natani MS(Finance), ICFAI, Hyderabad.
