The Indian Express
The Financial Express
Latest News
Screen
Express Computer
Travel
Matrimonials
Careers
Lifestyle
Astrology
E-Cards
Columnists
Graffiti
Letters
Environment
Jewellery
Info-tech
Power
Advertisers Forum
Business Forum
|
| |
Saturday, January 23, 1999
Punjab Tractors: Buy on decline
Deepak Singh Tanwar
Punjab Tractors' stock has shown an impressive rally in the past few days. Within a period of less than one week, the stock has moved up from Rs 840 to Rs 980, a rally of more than 15 per cent. With this rally, the stock has given a fresh break-out and has entered into a new bull orbit.This is nothing but an extremely bullish sign. The break-out has been accompanied by huge jump in volumes. The oscillators have also been hinting at a sustained rally. In the process, the moving averages have also turned bullish. Investors are well advised to acquire the stock at every decline. Keep a stop loss at Rs 820. Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.
Top
|
|
|
Printer-friendly page |
 |
