Wednesday, 3 Aug 2011. LIONIND – Stock Pick

LIONIND ( 4235 : 1.75 ) : Buy around 1.70
Description
Resistance : 2.00
Support : 1.69
RSI of 50
RSI is on the rise
STOCHASTIC
It is on an upswing
TREND INDICATOR.
Sideways
Comment
The upkick yesterday was capped at 1.83, indicating a small pullback, with good support at 1.69. Overall
technicals are in a positive mode
Trading Strategy
Buy. Stop loss is at 1.65