Technical Analysis of LYKA LABS on Indian Stock Market.  For 14th May 08
 
LYKA LABS

    Date      

 13th May 2008
Close 42.5
Trend Down
Support  
Resistance 43
Stop loss 44
200 dma * 52

*  200 dma is 200 Day Moving Average updated every Friday evening only.
Please  find above in the table the Technical Analysis of  Lyka Labs on daily charts. The date in table refers to closing of the stock on that day in cash market. It means that the page is valid for next working day. The close refers to the closing price of the stock on NSE (National Stock Exchange of India). The Trend refers to the daily trend of the stock and not intraday but one may trade intraday based on it. There are two ways of using the information mentioned. If you are a slightly longer term investor, you may go on holding the stock long if trend is up. If you are a short term trader you may buy the stock at support and book profit when you get say 10% profit on it.
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