Tuesday 5 July 2011

Case Study - MUDAJYA


1. Trend: Consolidation with descending triangle breakout (Bullish)
2. Volume: Above 40d moving average (Bullish)
3. ADX: Bullish kissing over with weak momentum (Bullish)
4. MACD: 3R1G with Bullish Kiss over (Bullish)
5. RSI: Cross above 50% (Bullish)
6. Stochastic: Break above 50% and moving to 80% (Bullish)

Entry: 4.62
Target Price: 4.73, 4.78, 5.12
Cut loss : 4.46

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