Sunday, October 3, 2010

TECHNICAL VIEW ON AUTO ANCILLARY STOCKS

SUNCLAYTON-- Now trading @ its 20 day moving avg. As support. MACD Stil above zero line. RSI is weak . One can buy it around 217 for tgt to 250 in medium term with stop of 200. 38.2 % fibonacci retracement level is 219 and 23.6% retracement level is 211. These two levels are the support s1 and s2. EXIDEIND-- One of the strongest stock among its peer group. Strong on the chart. May take a breakout at any time above 165. MACD bullish, RSI strong. Triangle pattern visible on the chart. A good buy. MINDAIND- Looking good on chart, but wait for closing above 365, then create any position. Currently trading @357 taking 20 day moving avg. As support, if broken above 380 then may head towards 400.

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