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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.

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