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Tuesday, November 2, 2010
Airtel U-Turn Downwards
AIRTEL Daily NSE Stock Chart Technical Analysis:
As analyzed in yesterday's post, Airtel price on NSE fell back today after a gap-up yesterday. The market returned to yesterday's opening price.
The market opened at 335.3 and closed at 329.25.
Market Outlook: Tomorrow the stock will fall further, though probably not with the same intensity as today.
Technical indicators:
The 20 day moving average has crossed the 50 day moving average. That's sad.
A Counterattack Candlestick was created. That's not too happy either.
Labels:
Airtel,
Counter Attack,
Moving Average
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