Single candlestick carries not much strength.

As the daily chart showing its still at the range bound, but the weekly and monthly showing the downtrend is yet to end.

The last candle is actually placed below the EMA 20, 50 and 200.

Volume is also coming down as compared to normal volume.

Better to wait to time the entry...even though u r at short term play.

To read more about MA..by stocktube:

Wednesday, March 21, 2007
Why You Should Look At 200-day MA before investing

http://stocktube.blogspot.com/2007/0...00-day-ma.html






Btw....Blitz......where can I buy 10 years' historical data for use in metastock? kindly guide.

Thanks.