EVERONN SYSTEM (CMP: 529)

By | August 10, 2008

BREAKOUT FROM CONSOLIDATION!!!
The stock is looking bullish on its daily chart, as it has given close above
Short-term trend line as well as its 50 DMA with significant volumes on
Friday. Leading Indicator RSI (Relative Strength Index) is rising with
positive divergence and has reached above the benchmark level of 50.
Considering the technical evidences discussed above, we recommend
buying the stock for position trading at current market price for the target
of 575, keeping a stoploss of 510

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