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PKumar - Tue, 25 Dec 01 :

all the charting indicators like MACD, 21 DAY RSI, DMI, MOVING AVERAGES suggest that the stock is a buy on dips, looking at the bollengier bands there is a good intraday entry point at 380p. the RSI is above 50 and not showing its is overbought during its correction. Also the moving averages, expecailly the 10 day is above the 20 and both are moving higher, this is a bullish signal. On 2nd of Jan the stock goes exe-div so the stock may have investors less likely to sell prior to that. Also next year fund mangers are keen to hold stocks that will not tarnish their porfolio's I think stocks that pay div. will be preffered.


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