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Monday, January 10, 2011

Kinetic Motors: Finally, Support @26.50


KINETIC MOTORS Daily NSE Stock Chart Technical Analysis:

Kinetic Motors remained unmoved on a day even when the stock market fell sharply.

Close & CMP: 27.65

Market Outlook:
  • The price has the potential to rise again from the level of 26.50.
  • Can be purchased as it rises above 28.50.

Technical Indicators:
  • The price formed a Doji Candlestick at its support level of 26.50.
  • This support seems strong and should be able to hold fort.
  • The price didn't fall even though the market crashed, indicating further strength at this support level.
  • The momentum is also low and should start rising very soon.
  • In nutshell, seems like a good time to look at Kinetic Motors as a buy.


KINETIC MOTORS Daily NSE Stock Chart Technical Analysis

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