Tuesday, 13 Dec 2011. IGB – Stock Pick

IGB ( 1597 : 2.25 ) : Take profit
Description
Resistance : 2.31
Support : 2.14 2.18
RSI of 77
RSI is overbought
STOCHASTIC
It is overbought
TREND INDICATOR
Up
Comment
As the upkick has hit the upside target of 2.30 yesterday, the upside is limited, indicating a likely correction
Trading Strategy
Take profit