AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
from BUSINESS LINE, June 30, 2009 We recommend a buy in Automotive Axles from a short-term perspective. It is apparent from the charts of Automotive Axles that after recording a multi-year low of Rs 70 in early March, the stock reversed its trend. Since then, the stock has been on an intermediate-term uptrend. Following a minor correction to the support level Rs 130, it resumed the uptrend. On June 22, the stock gained 6 per cent, reinforcing the bullish momentum. Further the stock surged almost 6 per cent, accompanied with above average volume on June 29. …