Jubilant Foodworks: Headed Down?



JUBILANT FOODWORKS Daily NSE Stock Chart Technical Analysis:

The stock price again opened gap up today and higher than its open, but the close was below the mid-point of the intraday range.  Close & CMP:  590

Market Outlook:

• The stock price could fall, don't buy right now, wait.
• In fact, there might be a chance to take a short position with targets at 550 and 530, if the stock indeed falls tomorrow or on Friday.

Technical Indicators:

• The Deliberation candlestick formation has occured on the chart, a negative signal.
• The stock is majorly oversold, a negative signal.
• The price is facing resistance from the Fibonacci 23.6% Retracement level, a negative signal.

All previous charts and posts about Jubilant Foodworks

JUBILANT FOODWORKS Daily NSE Stock Chart Technical Analysis

Tata Motors: Resistance Too Strong

TATA MOTORS Daily NSE Stock Chart Technical Analysis:

Tata Motors made a weak rise today and remained bound in a very short range.

Market Outlook:

• The price faced very strong resistance at 1371 today and failed at the attempt to rise above it.
• There is a good chance that the price will start falling, don't get into this one right now, unless you are looking for opportunities to short.
• When it starts to fall, the target for shorting would be around 1270.

Technical Indicators: 

• There is a long term line of resistance prohibiting price rise.
• The price tried to break through this resistance line today as well as 4 days ago, and failed on both attempts.
• There was a Doji formation yesterday and a small range bound trading today.
• The price is very well into oversold levels.
• All indicators point downwards at the moment, the stock is ready to fall towards its support.

All previous posts about Tata Motors 

TATA MOTORS Daily NSE Stock Chart Technical Analysis

Sintex: Possibility to Buy

SINTEX Daily NSE Stock Chart Technical Analysis:

Sintex has been falling all of December and continued the trend today.  But a correction seems possible.

Today's Close & CMP: 170.45

Market Outlook:

• There is a possibility that the price may remain range bound tomorrow or until Friday.  And then, it could make an upward movement, giving an opportunity to go long and make money on the rise.
• Enter only if the stock exhibits an upward movement.

Technical Indicators:

• Sintex's price crashed in the initial part of the day but rallied back up when the market was near its close.
• The stock was traded very actively today and seems like it has neared exhaustion of the bearish move.
• Targets for a long position are 187 and 200 (200 and even more does seem achievable if the stock starts make an upward correction.)
• This upward move is subject to NIFTY, if NIFTY falls significantly, the upward rise could get affected.

SINTEX Daily NSE Stock Chart Technical Analysis