Fedders Lloyds Corp: Falls Back Below Resistance

FEDDERS LLOYDS CORP. Daily NSE Stock Chart Technical Analysis:


FLC fell again today and closed at 77.65

Market Outlook:

• The price now seems headed downwards, should find support at 73.
• भाव फिर से गिर रहा है और रेसिस्टांस के नीचे चला गया है, अब ७३ पर सुप्पोर्ट मिलना चाहिए 

Technical Indicators:

• The price has fallen back below its diagonal resistance with a bearish engulfing candlestick pattern and the indicators are saying that it might not be possible for the price to climb above this diagonal resistance anytime soon.  Somewhere in the first week of March '11, the price will face a decision point at Rs. 74 if the price remains in the current triangular price range until then.

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FEDDERS LLOYDS CORP. Daily NSE Stock Chart Technical Analysis

Fedders Lloyds Corp: Moving Sideways

FEDDERS LLYODS CORP Daily NSE Stock Chart Technical Analysis:

FLC made a slight rise today.  But it could simply be a correction.

Close & CMP: 77.85

Market Outlook:

• FLC has been falling since Nov 2010.  Right now it has found a support level at 73.  
• The price should rise to 82.  If it is able to rise and stay above 82, that is a good sign for this stock.
• If it falls below 72.50, that is a bad sign as there is important diagonal support line at this level.  Falling below 69 will be dangerous.
• Fedders Lloyd's Corp का भाव  नवम्बर २०१० से गिर रहा है.  इस का भाव ८२ के ऊपर गया तो यह अच्छी निशानी है.  पर ७२.५० से नीचे जाना बुरा है.  और ६९ से नीचे गिरना खतरनाक हो सकता है.

Technical Indicators:

• There was a gap-up today but a spinning top formation was generated, showing an indecisive market inspite of gap up.
• The momentum is upwards and so there is a good chance this stock will rise further.  Going above 82 and staying above it can mean a recovery.  
• 72.50 and 69 are important support levels below which another free fall could occur.

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FEDDERS LLYODS CORP Daily NSE Stock Chart Technical Analysis

(analyzed for Parvesh, Nagpur)