FINANCIAL TECHNO Daily NSE Stock Chart Technical Analysis:
Financial Techno fell for the 9th straight day today. Open: 870.1, Close & CMP: 824.15
Market Outlook:
- The price has found support at 778. It could make an upward correction now.
- Good chance to make short term gains if this makes an upward correction. Shorting opportunity if it breaks the support trendline.
Technical Indicators.
- There is a support trendline formed and the price took support on it. It rose after touching this support line at 776 and closed higher at 824.
- This stock might be actively traded on Monday and a upward correction is possible.
- The upward may not last long though, this is purely a short term opportunity if it rises. The sell target is not very visible yet but 1000 is the highest point we exit could be made. I'll update the target if the stock price rises on Monday.
- If the price falls and closes below the support line, the price might just fall further and present a short sell opportunity (not sure if this one is traded in F&O, though)
FINANCIAL TECHNO Daily NSE Stock Chart Technical Analysis
No comments:
Post a Comment
Post comments to share your thoughts and interact with me. Communication from you inspires me to keep posting !