Sunday, October 15, 2006

NDTV - Price Breakout



NDTV looks like there is a possible price break out. The stock has had a good correction from Rs 280 to less than 130 before the stock saw some upside.
  • The stock has currently broken the crucial 61.8% level at some really convincing volumes
  • MACD chart has given a 'buy' signal but RSI is on a 'sell' side.
  • The OBV chart is showing some strong buy in this stock
Overall, given the recent breakout, I would start with some exposure on this stock, but a small one to test the strength on the continuity of this rally in this stock. But caution still prevails before buying the stock.

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