Jindal Polyfilm: Support @ 618, Buy Possibility in 1-2 days

JINDAL POLYFILM Daily NSE Stock Chart Technical Analysis

Jindal Polyfilm fell today, opened at 641 and CMP is 632.60.

Market Outlook: 

• The price will hit its support near Rs. 618 to Rs 622 and rise again.
• There is an opportunity to go long if the price rises back with good volume.
• The first target would be at Rs 660.  The second target would be at Rs. 695.  But sell only if the price hits 695 and falls back below 685.  If it goes above 695, stay invested.

Technical Indicators:

• The point of Fibonacci support is at Rs. 618.  If it breaks 618 the next level of support is at Rs. 543.  
• Resistance is at Rs 695.  The price has made a double top at this level recently.
• If the price breaks 695, its a good opportunity to go long.

JINDAL POLYFILM Daily NSE Stock Chart Technical Analysis


(Analyzed for Vikalp, Delhi)