AUTOMATED TRADING

AUTOMATED TRADING

14 March 2012

SAIL

As per Relative Strength Indicator (RSI), Steel Authority of India Ltd. was in over sold level. However, recent price moves on 13/03/2012 indicates trend reversal and stock may rise in near future. Stock - Steel Authority of India Ltd. has moved above 20 days Exponential Moving Average after 12 days on 13/03/2012
Bullish gap up Candlestick pattern was formed by Steel Authority of India Ltd. on 13/03/2012
Stock has jumped by more than 10% in last two weeks. Stock has jumped by more than 25% in last three Month..
Share has hit two week high on 13/03/2012
Buy sail at 102 target 108-112 stoploss 99.50
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