Monday 2 January 2012

Technical Stock Snapshot | HALALTAMWEEL.COM

Technical Stock Snapshot

1/2/2012 12:00:31 PM


The technical analysis showed that Halal Stocks KMI-30 share index short term MA (15), intermediate MA (45), long term MA (100) and MACD profiles are bearish. Resistance around 20,359.98 resulted in a marginal break of 19,972.98 Support. Could adjust further to 19,808.26 ~ 19,585.98 area. We view last couple retreats as momentary reaction. As all the profiles are bearish therefore Stay Short!

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