Tuesday, March 11, 2008

Trade recommendation


ICICI Bank looks a great buy candidate to me at this time.

1. Sitting on strong support line extending for at least more than a year.
2. RSI has been reduced to almost 24, which is a not a bad indicator of cessation of downfall.
3. Fed reserved board indicated that they will be pumping $200 Bn to rescue Subprime hit industry and dow is 3% up now !!


But before you go and trade this stock now, I want you to go and check the trading resource section here which helps you getting more tools to help you become more sophisticated trader.

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