IVC closes at 33.20 with a gain of +0.20% on 01 July 2011 with formation of Long Black Candle on Daily Price Chart. Technically, IVC week on Charts and soon we will see the ending of DownTrend. Schaff Trend Cycle is moving Upward. Major Momentum Indicators are still in bearish zone
We Recommend to BUY - IVC at Lower levels
Target- 38.40/41/55
Stop-Loss – 32
Time Frame- 5-30 Trading Days
Editor’s Note : This Article is written by Vina S Singh, Senior Chartist at www.niftynext.com , which is a Technically Based quant Research Firm, M/S Durgapur Holdings in Durgapur, West Bengal, India that covers all Stocks, trades at NSE. We use Ami Broker Charting Software. You can reach the Chartist here mail@niftynext.com .
Editor’s Note : This Article is written by Vina S Singh, Senior Chartist at www.niftynext.com , which is a Technically Based quant Research Firm, M/S Durgapur Holdings in Durgapur, West Bengal, India that covers all Stocks, trades at NSE. We use Ami Broker Charting Software. You can reach the Chartist here mail@niftynext.com .
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