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Monday, 28 December 2009

INDF in analysis

INDF is one of the best consumer firm that really consistent in its earnings. As oday it rallied up again, it might continue its rally to upper bollinger band.

Technically, Stochastic has made a golden cross & the MACD has got the false downward that re-bend upward that showed the bull has come. While the RSI is moving upward again.


Rating: Buy On Strength, TP: 3525-3625

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