Share Tips for 13/07/2010 (July 13, 2010): Buy Wockhart Pharmaceuticals
Stock Tips for 13/07/2010 (July 13, 2010): Buy Wockhart Pharma
On the Daily Charts WOCKPHARMA has been consolidating since many trading sessions, and has moved above its 20-Days EMA (Exponential Moving Average) of 134.45 by making a high of 136 for the day.
The 50-Days SMA (Simple Moving Average) is quoting at 134.45. 14-Days RSI (Relative Strength Index) has strengthened and is quoting at 54.11 on the Charts (RSI below 50 indicates weakness or confirms the Selling signal).
The Positive Directional Index (21.53) has crossed the Negative Directional Index (21.03), ADX (Average Directional Index) has gained strength on Intraday charts and is quoting at 13.75 on the Daily Charts. ADX’s value above 20 and near 40 indicates that the underlying trend is strengthening.
Hence, it is buy WOCKPHARMA only if it trades above 136 for the Targets of 139 & 141, with the strict Stop Loss of 133.
Contributed By: Sonal Natani MS(Finance), ICFAI, Hyderabad.