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Religare Research: Top 10 stocks (click on company name for details)
(click on company name above for details)
In volatile markets, investors should have an active attitude towards investing and should be
ready to try out new stocks and strategies. Keep a look out for longer-term trends specific to
India and be ready to change your mind and switch stocks when necessary. To help you do
that, we at Religare give you a quick rundown of the stock popular in the week just ended.
Use the information to make your trading and investment decision and rebalance your
portfolio if necessary.
For Technical Analysis of stock, we have used 3 terms i.e. RSI which stands for Relative Strength
Index, MACD which stands for Moving Average Convergence Divergence, DMA which stands for
Daily Moving Average. (We have considered these 3 terms as they are used by most of the people
who have even some basic understanding of technical analysis.)
Note: ## If RSI is above 50, the stock is considered in a short term buy and if RSI is below 50 the stock is in a short term sell.
If MACD is above zero the stock is considered in strong hands and if it is below zero the stock is considered in weak hands.
If stock is above its 200 DMA it means that the stock is in an intermediate uptrend else in an intermediate
downtrend.
*All prices have been adjusted for bonus & split if any.
*All data is of closing of Friday the 14th Jan, 2011
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