Tuesday, 24 April 2012 MUDAJYA – Stock Pick

MUDAJYA ( 5085 : 2.62 ) : Accumulate below 2.54

Description

Resistance : 2.67 2.90

Support : 2.44 2.54

RSI of 28
RSI is oversold

STOCHASTIC
It is oversold

TREND INDICATOR
Comment
While the current correction from 3.28 is not over yet, the downside is limited to 2.44-2.54. It is
recommended to accumulate at below 2.54


Trading Strategy
Buy below 2.54. Stop loss is at 2.32


Disclaimer
This report is provided for information purposes only. It is not a complete analysis of every material fact respecting any company, industry, security or investment. Opinions expressed are subject to change without
notice.