Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (4014)	4/6/1999 10:47:00 AM
From: Mohan Marette	Respond to of 12475

Wartsila Diesel-A prime Pick he says. APR 05 - APR 10 1999 A prime pick in the long run Rajiv Nagpal Wartsila Diesel Clsoing Price at Rs.290.00 on 4/06/99 on BSE Long-term trend: Upward Medium-term trend: Downward Short-term trend: Sideways Price movements: SOON after its listing in ‘90, the scrip attracted attention of the market and moved up from a level of Rs 40 to touch a high of Rs 160. However, it retraced 94 per cent of its uptrend thereafter. The scrip again caught investor fancy during the 1992 bull run and while forming higher tops and bottoms, it touched another high of Rs 360. It again retraced 85 per cent of its uptrend to touch a low of Rs 72. Although the scrip attracted the attention of the market again during the ‘94 bull run, the uptrend was restricted to the level of Rs 150 only. Even though it never reached the level it touched during the ‘92 bull run, it outperformed the sensex and moved up—especially during ‘95—when the market was sliding. The scrip continued to outperform the sensex till mid-'97 and reached an all-time high of Rs 440. It crashed from these levels and without any major secondary reaction on the upside, the scrip moved south to touch a low of Rs 114. After touching this level, it again moved up as a secondary reaction and touched a high of Rs 304. After touching a low of Rs 150 and witnessing a correction at around the same price levels, it has moved up and is currently placed in a zone which has been its traditional resistance zone. The scrip is currently placed at Rs 312. Weekly charts: THE moving average convergence divergence (MACD) on the daily charts is currently placed in the positive territory and is in buy mode. The 12-week rate of change (ROC) is placed in the positive territory but is moving south indicating that negative divergence would soon appear on the charts. The 5-week ROC is moving upward in the positive territory. The 14-week relative strength index (RSI) is currently placed just below the overbought territory and is showing signs that negative divergence would soon appear on the charts. The 5-week RSI is currently placed in the overbought territory and is showing the same trend. The weekly stochastic is placed in the buy mode and is below the overbought territory. Daily charts: THOUGH the MACD on the daily charts is currently in buy mode, it is showing signs that a negative divergence will soon appear on the charts. The 12-day ROC is also moving in the upward direction but is also showing signs of negative divergence. The 14-day RSI is currently placed just below the overbought territory and is showing signs of negative divergence. The other short-term oscillators of the scrip are also placed in the overbought territory and most of them are showing negative divergence. Inference: THE scrip is currently placed in its resistance zone which it should clear. The scrip looks a good investment opportunity for long-term investors. (source:Economic Times)