3i INFOTECH Weekly NSE Stock Chart Technical Analysis
This week we see a long-legged Doji candlestick.
The week opened at 67 and closed at CMP 67.1. In between it made an intra-week high and low of 72.15 and 65.35 respectively.
Market Outlook:
The next week price could fall.
If it falls, the week could close between Rs. 61-63.
Technical Indicators:
Long legged Doji candlestick formation this week, 3rd successive sideways week.
Price tried to climb through resistance but failed completely and retraced.
The 20 week moving average is way below the 50 week moving average. Looking historically, 3i gives a good upwards move when the 20 week moving average crosses the 50 week moving average from below. This is not expected to happen any soon but when it happens, be sure to buy 3i for some good gains.
3i INFOTECH Weekly NSE Stock Chart Technical Analysis
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