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.

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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.

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RELIANCE INDUSTRIES Daily NSE Stock Chart Technical Analysis: