3i Infotech on NSE maintained its line of resistance at Rs 70 and fell throughout the day to close at 67.05. The support for this fall is found at Rs 65 and Rs 66.
Market Outlook: The price could fall further tomorrow and test the support levels of 66 and 65. If Rs 65 is broken and the price falls below that, it could lead to a downtrend.
Technical Indicators:
Rs 65 is a long term support line and 3i price has repeatedly found support on this line in the past 2 years, which makes it a very important level to watch.
Rs 65 is also the 61.8% level for the current Fibonacci Retracements, which makes it even more important right now.
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