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Friday, November 12, 2010

Pricol: Support @ 25, Resistance @ 31



PRICOL Daily NSE Stock Chart Technical Analysis:

Pricol fell today, opening at 28 and closing at CMP 26.4.

Market Outlook:

  • The price should close between 25 and 26 on next trading day.
  • Support at 25 and resistance at 31.

Technical Indicators:

  • The day ended with a Marabozu Candlestick.
  • There is Fibonacci 61.8% support at 25, and Fibonacci 78.6% resistance at 31.
  • There are also trendlines of support and resistance as visible on the chart above.
  • The price could hit 25 before returning upwards, could be a buy opportunity if it U-turns.


PRICOL Daily NSE Stock Chart Technical Analysis:

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