Positive Candidate -Short term, Feb 4, 2010 Analysis Explanation
Aarvee Denims & Exports Limited has broken the floor of the rising trend, which indicates a weaker initial rising rate. The stock is testing the support at rupee 61.00. This should give a positive reaction, but a downward breakthrough of rupee 61.00 means a negative signal. Volume tops correspond well with price tops, and volume bottoms correspond well with price bottoms. Volume balance is also positive, which weakens the trend break. The stock is overall assessed as technically positive for the short term. Watch the target of 55.60 very soon.
chani
| NIFTY 
