Titan: Stock price expected to rise

Titan: Stock price expected to rise
Titan Industries ltd. Symbol: TITAN Suggestion: Buy; SL @ Rs. 850 Open             865.00 High              891.40 Low               846.00 Last Price    856.05 Fig. 1: Price movement - Titan Figure 1 shows how the stock price of Titan has been moving daily. It also shows the 3 SMA lines – 4, 9 and 18 day. The 18-day SMA line has recently crossed the 9-day SMA line and is now moving below it. This was the signal that was being awaited, because the 4-day SMA was anyways above all SMA lines and therefore this move marks the starting of the Bullish phase. But looking at the 9-day SMA line, it seems...

By iBlogger On 14 May 2009 Continue Reading ... Comments (2)

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