Thursday, 2 Feb 2012 MUDAJYA – Stock Pick

MUDAJYA ( 5085 : 2.69 ) : Stop loss 2.58
Description
Resistance : 3.18
Support : 2.58
RSI of 77
RSI is overbought
STOCHASTIC
It is overbought
TREND INDICATOR
Up
Comment
The current upward push could hit the 50% retracement level of 3.18. A tight stop loss should be placed at
2.58
Trading Strategy
Buy. Stop loss is at 2.58

Disclaimer
This report is provided for information purposes only.