NSE Share Tips for 29th July, 2010 (29-07-2010): Buy Aurobindo Pharma
July 28, 2010 by admin
Filed under Analyst's Corner, General
NSE Stock Tips for 29th July, 2010 (29-07-2010): Buy Aurobindo Pharma
On the Daily Charts, AUROPHARMA gave a good run up in the whole of the trading session with a good spurt in volume. The prices crossed its 20-Days EMA (Exponential Moving Average) of 940.50 and made a high of 970.90 for the day.
Stock’s 50-Days SMA (Simple Moving Average) is quoting at 887.09. For the day, prices made White Opening Marubozu Candlestick for the day, with a good spurt in Volume. 14-Days RSI (Relative Strength Index) has gained strength and is quoting at 60.05 on the Charts (RSI below 50 indicates weakness or confirms the Selling signal).
The Positive Directional Index (21.34) is still below the Negative Directional Index (22.48), ADX (Average Directional Index) has gained strength on the Intraday charts and is quoting at 27.97 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 AUROPHARMA only if it trades above 971 for the Target of 990, with Strict Stop Loss of 960.
Contributed By: Sonal Natani MS(Finance), ICFAI, Hyderabad.
