MUDAJYA ( 5085 : 2.62 ) : Accumulate below 2.54
Description
Resistance : 2.67 2.90
Support : 2.44 2.54
RSI of 28
RSI is oversold
STOCHASTIC
It is oversold
TREND INDICATOR
Comment
While the current correction from 3.28 is not over yet, the downside is limited to 2.44-2.54. It is recommended to accumulate at below 2.54
Trading Strategy
Buy below 2.54. Stop loss is at 2.32
Source:Jupiter Securities Research 24 April 2012
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