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Thursday, December 16, 2010

Kinetic Motors: Bouncing Downhill


KINETIC MOTORS Daily NSE Stock Chart Technical Analysis:

Kinetic Motors is bouncing downhill on support slope.  Its technically a support line but its more like a slope :)

Market Outlook:

  • Indecisive.  If it breaks above 33, there is hope.


Technical Indicators:

  • There is a downward sloping support line on which the price is bouncing downards.
  • The next time price reaches the support line, it will be around Rs. 25.  This is also close to its previous consolidation levels.  So there might be some support at this price level and the price could actually start going upwards again.


KINETIC MOTORS Daily NSE Stock Chart Technical Analysis


Earlier posts on Kinetic Motors

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