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Tuesday, November 16, 2010

TTK Healthcare @360: Could rise tomorrow



TTK HEALTHCARE Daily NSE Stock Chart Technical Analysis:

The price dropped steeply today, Open: 390, Close & CMP: 360.45.

Market Outlook:

  • The price could rise again tomorrow from its current support level at 360.
  • If price rises with high number of trades taking place, it might be a good point to enter with targets at 386, 394 and 419. 

Technical Indicators:

  • Price is taking support of Fibonacci 50% and Fibonacci Fan 61.8%.  This makes 360 a strong support level.
  • Less number of people seem interested in the stock as such low price levels.
  • Stock is deep into the oversold level.
  • Possible rise tomorrow.  Keep watching the price and trade numbers as the market opens.
  • If price falls, only next support is at 331.


TTK HEALTHCARE Daily NSE Stock Chart Technical Analysis

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