ICRCL Infra: Upward Correction?

IVRCL INFRA Daily NSE Stock Chart Technical Analysis:


IVRCL Infra has been falling since July 2010 and has lost about 60% of its value since then.

Close & CMP: 75

Market Outlook:

• There is a chance that this stock price will finally show an upward correction.  If it manages to go above 87, that will be a positive sign.
• IVRCL जुलाई २०१० से करीब ६० प्रतिशत गिर चूका है.  आज का चार्ट यह उम्मीद जगा रहा है की शायद यह शेयर अब ऊपर की तरफ जायेगा.  अगर यह ८७ के ऊपर गया तो यह पोसिटिव सिग्नल है. 

Technical Indicators:

• The stock price has been falling since a very long time and a correction is overdue as the price is deeply oversold.
• The stock was hugely traded on the exchange today but the price movement is not much.  
• If it falls further, than falling below 71 is a bad sign.

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IVRCL INFRA Daily NSE Stock Chart Technical Analysis

HDIL: Finally Finds Support

HDIL Daily NSE Stock Chart Technical Analysis:


HDIL Close and CMP: 155

Market Outlook:

• HDIL has touched support today, there is a good chance that it will bounce upwards again and not fall below 151.  
• If it opens higher on Wednesday, one may take a long position.

Technical Indicators:

• There is a 3 year old long-term support line which is right now providing support to the falling HDIL stock price.
• Today, the price fall stopped after hitting support and some increased buying also happened at this level. 
• The resistance is at 192. 
• The price is deeply oversold.
• Overall, there is a good chance that this support level at 151 will sustain and the price will move upwards for the time being.  

All posts related to HDIL 


HDIL Daily NSE Stock Chart Technical Analysis

(analyzed for D Murthy, Namakkal)

Jaiprakash Associates: Rising, Finally

JAIPRAKASH ASSOCIATES Weekly NSE Stock Chart Technical Analysis:

Jaiprakash Associates (previously JayPee Cements) rose this week after 2 months of falling.  

Close & CMP:  105.85

(This is a weekly chart so each bar / candlestick denotes price movement of 1 week)

Sentiment: Bullish

Market Outlook:

• The price seems headed upwards.
• There is an opportunity to buy / go long with a target of 125, stop loss 96.50
• But if NIFTY underperforms, liquidate around 117.
• There is strong support between 97 and 101.

Technical Indicators:

• The price fall slowed down as soon as it hit its support at 101, as visible from the small candlestick bodies.
• The support at 101 seems strong and so the price has started moving up again.
• There is a resistance line around 125, sell when the price reaches near this point.
• The price is deeply undersold, which also indicates that the price is ready for upward movement.

All posts about JP Associates 

JAIPRAKASH ASSOCIATES Weekly NSE Stock Chart Technical Analysis

(analyzed for Kiran, Mangalagiri)

IVRCL Infras: Support at 128, could rise again

IVCRL INFRASTRUCTURE & PROJECTS Daily NSE Stock Chart Technical Analysis

The price opened near yesterday's close and fell yet again.

Open: 136.1  Close:  132.75

Market Outlook:

• The price has good support near 128, could possibly rise back again before or after hitting this level.
• Keep noticing this stock, if it rises back strongly with other indicators positive as well, it will be a good time to buy this one.

Technical Indicators:

• There is support line at 128.
• The stock is already in the oversold levels and it is showing a probability to rise out of the oversold levels soon.
• If the price rises back, the short term targets are at 141 and at 150.
• Anything above 160 and this stock is rocking again.

IVRCL INFRAS Daily NSE Stock Chart Technical Analysis

IVCRL Infras taking help of Support Line

IVRCL Infras Daily NSE Stock Chart Technical Analysis:

The movement has slowed down for the timebeing as the market is awaiting another move on this stock.

Today's market price is at Rs 155.55

Market Outlook:  The price should remain between Rs 164 and Rs 147 until Mid-November.  

If you are in a buy and hold with this stock, its been an unlucky run for you.  This is a good stock to play short.

Technical Indicators:

There is a long term line of resistance for this stock, running from Jan 2008 till date.  The price has tried to break this line multiple times, succeeding briefly once for a few days between June and July 2010, but fell back below this line since then.

There are 3 lines of support emerging from the market low.  Both of these were breached in May and Oct '10 after providing some support to the falling price.

The 3rd line of support crosses the long-term resistance in Jan '11 at a price level of Rs 158.

Keep an eye on any break of this support.  If it happens, the price may continue falling, with subsequent support at 142, 129 and 88.  If price falls beneath support, go short with a target of these support lines.

(Analyzed on request of Nandgopal, Mettur)

Unitech Support at 100 day moving average

UNITECH Daily NSE Stock Chart Technical Analysis

The price rushed down today and closed at 89.25 after opening at 89.30.

Market Outlook:  The price should not fall much farther below today's intraday low of 85.2.  The intraday high on Wednesday should be around 87.6

Technical Indicators:

The price has found support at its 100 day moving average and resistance at its 20 day moving average.