Jubilant Foods Support @ Rs 565-570

JUBILANT FOODS Daily NSE Stock Chart Technical Analysis

Jubilant Foods CMP at 600.2 after a intraday high of 621.7.

Market Outlook:

• The price is falling further.  There is support near 565-570 levels.

Technical Indicators:

• The day ended with an inverted hammer candlestick.
• The other indicators are showing a possible downward journey.
• Seems like the price is making a correction after a sudded rise following good Q2 result announcement last week.  
• The previous resistance was near 565, this should now act as support when the price falls until there.
• If the price does not go below 595, there is an opportunity to buy.

JUBILANT FOODS Daily NSE Stock Chart Technical Analysis

Reliance Communications: Gap Down

RELIANCE COMMUNICATIONS Daily NSE Stock Chart Technical Analysis:

The price had a fall throughout the day, opening at 174.8 and closing at CMP 169.9

Market Outlook:

• Price is close to support lines at CMP and so what happens on Monday will lead to further clues.
• No buy-sell signals today.

Technical Indicators:

• Fibonacci 50% support @170, and then further below at 160.5
• There are also long terms diagonal lines of support and resistance as visible on the chart. 
• All moving averages are above the CMP.
• The RSI is close to oversold levels, indicating price fall could slow down soon.

RELIANCE COMMUNICATIONS Daily NSE Stock Chart Technical Analysis

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: