Lakshmi EFL: Not Giving Any "Lakshmi" To Investors Yet...

LAKSHMI ENERGY & FOODS Daily NSE Stock Chart Technical Analysis:

Lakshmi EFL fell slightly today but it was an overall sideways movement.

Close & CMP: 58.75

Market Outlook:

• The price has remained sideways after falling to its lowest price in 3 years.
• There is a chance that the price could maybe fall a bit more but then try to move upwards and rise towards its original support at 70.

Technical Indicators:

• There is a diagonal line of support which helped the price from falling further a couple of days ago.
• The current price is the lowest in the last 3 years.
• The hope that is visible is that the price is deeply oversold, and additionally the force index has fallen below zero as well.  So there are chances that this price could go up soon, as there are not many takers at this low a price.

All posts related to Lakshmi EFL

LAKSHMI ENERGY & FOODS Daily NSE Stock Chart Technical Analysis

Reliance Industries: Could Rise Tomorrow

RELIANCE INDUSTRIES Daily NSE Stock Chart Technical Analysis:


Reliance Industries has been falling since 2 weeks.  It fell today as well, but it seems like the price is headed upwards again.

Close & CMP: 970

Market Outlook:

• The price seems to have completed its fall and there is a strong possibility that it will move upward again.
• Rising above 999 is a bullish signal.
• रिलाअनस industries का भाव अब वापिस ऊपर जाने के लिए तैयार है.  ९९९ के ऊपर अगर भाव जाता है तो यह शेयर खरीदा जा सकता है.  

Technical Indicators:

• Finally, some hope for Reliance Industries.
• The price made a hammer candlestick today after a long fall and there was huge interest in trading this stock amongst traders.
• Yesterday, the price had fallen below its support line, but today's increased buying shows that the market may be interested in driving this price above its support line @999 again.
• Buy above 999 and wait for reversal signals.

All posts related to Reliance Industries

RELIANCE INDUSTRIES Daily NSE Stock Chart Technical Analysis:

Reliance Communications: Upward Journey Begins

RELIANCE COMMUNICATIONS Daily NSE Stock Chart Technical Analysis:

Reliance Communications rose today and climbed back above its support line.

Close & CMP: 133.4

Market Outlook:

• The price seems to be headed upwards again.  There is an opportunity to buy.

Technical Indicators:

• A marabozu candle formed today
• The price climbed back above its support line at 132.50.
• A lot of people participated in rallying the price above its support line, almost twice as much trading happened today as compared to yesterday.
• The price is deeply oversold.
• There was a gap-down 4 days ago.  This seems like an exhaustion gap and the price could be ready to move up again.
• Rising above 137.5 will be a good signal.

All posts related to Reliance Communications

RELIANCE COMMUNICATIONS Daily NSE Stock Chart Technical Analysis

Granules India: Finally Showing Hope

GRANULES INDIA Daily NSE Stock Chart Technical Analysis:

Granules India continued its upward journey for the 5th trading session today, which is a good sign in this otherwise falling market.

Close & CMP: 93.60

Market Outlook:

• Granules India has crossed over its resistance today, which was at 93.  This is a very positive signal and if it remains above 93 for the next day or two, it might give a buy signal.

Technical Indicators:

• After falling below the support, the price came back above its support today.  This is a positive indicator.
• The volume for today is also good compared to the past few trading sessions.
• The price made a spinning top candlestick today.  This is the only point of concern in an otherwise positive looking chart.  The spinning top on such a day means the bears are not inactive on Granules India yet, and there could be an attempt to pull the stock price down again.
• The next couple of days should give us a final idea of where GI is headed, and if we should take a long position on it.

All posts related to Granules India

GRANULES INDIA Daily NSE Stock Chart Technical Analysis