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Strategies & Market Trends : India Coffee House

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To: Mohan Marette who wrote (6481)	9/7/1999 11:30:00 PM
From: Mohan Marette	Read Replies (1) of 12475

CompanyWatch- Philips India, an attractive bet Financial Express. Wednesday, September 8, 1999 Philips India is an attractive bet K Seshadri -------------------------------------------------------------------------------- Philips India is an attractive choice for traders for several reasons. The scrip is close to its base line. Therefore, the risk for the trader is minimum. A `Morning Star' rose at the counter on Tuesday. Morning Stars are strong bullish indicators. It is further reinforced when the scrip is on the bottomside. Volume is yet to build. But this is no negative. In fact I have seen that volume build up takes place later. Early birds get in even when the volume is low, provided other technical factors are favourable. The levels of Rs 140 and later Rs 173 are reasonable targets. The scrip is recommended for both the short-term trader and especially for the long-term investor. The stochastics has signalled a buy on the daily chart. financialexpress.com

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