Share Tips for July 29, 2010 (29-07-2010): Buy Siemens
July 28, 2010 by admin
Filed under Analyst's Corner, General
Stock Market Tips for July 29, 2010 (29-07-2010): Buy Siemens
On the Daily Charts, SIEMENS gave a good opening at the levels of 720 (above its 50-Days SMA (Simple Moving Average) of 713.83). During the day, it also crossed its 20-Days EMA (Exponential Moving Average) of 723.35, by making a high of 728.50.
The 14-Days RSI (Relative Strength Index) is quoting at 51.72 on the Charts (RSI below 50 indicates weakness or confirms the Selling signal).
The Positive Directional Index (17.08) and the Negative Directional Index (17.27) are quoting almost at the same levels, ADX (Average Directional Index) has gained strength on the Intraday charts and is quoting at 9.24 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 SIEMENS only if it trades above 730 for the Targets of 740 & 742, with Strict Stop Loss of 722.
Contributed By: Sonal Natani MS(Finance), ICFAI, Hyderabad.
