NDTV - Known Unknown

NDTV was a stock that I had picked up when the stock had fallen to Rs. 195. The stock infact fell a little further before the recovery on the stock had started. The stock is now trading at about Rs. 215 and the stock looks like it is going to give some upside even now.

Reasons could be

• MACD lines are just about converging and the possibility of getting a 'buy' in this stock looks possible.
• RSI, inspite of this strong rally, is still in a comfortable range at 40s.
• The biggest positive in this is the volumes. They are extremely strong on the accumulation distribution chart.
• Stock has comfortably broken the 207 mark and infact is trading 3% above that.
  

This was a stock that I picked up mainly from Businees Standard. They had given a put call ratio for the stock at less than .02 when the total put call of the market was somewhere at .4 to .6. Given that the outstanding position in this stock was increasing, this looked like a safe bet to me. Looks like it was good at the end.

My targets for the stock would be somewhere at Rs 224 on the upside. Breaking this, would also mean that the stock would break 200 day average which is a very good sign for the stock. Downside, I would look at Rs. 207 and back to 190 closely.