India Cement Buy recommendation

Date : 24^th April,2008

Current Price : 179

Buy at around 180

Stop loss : 165

Target : 234

Max Allocation : 25%

Track the performance of the recommendation here. Call given on 24th April ,2008.

Mindtree Positive Divergence

 

Buy : 360

 

Stop : 320

 

First Target : 450

 

% allocation : 15%

 

 

 

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.