Educomp Solutions: Seeking Support

EDUCOMP Daily NSE Stock Chart Technical Analysis:


Educomp lost in a single day what it had gained in 10 preceding days.

Close & CMP:  511.50

Sentiment: Bearish

Market Outlook:

• The price has made a big single day fall and is currently resting on support.
• There is a possibility that the price may make an upward correction, but there is also a possibility that it may fall below the current support.
• The next level of support is available at 490.  
• If Educomp hits 490 and NIFTY improves, then we should have a buy opportunity on this one at that time, as the stock price could start climbing upwards again after hitting 490 if market is overall performing well.
• Falling below 490 could be dangerous for everyone in a long position on this stock.

Technical Indicators:

• The price had a big single day fall forming a marabozu candlestick, but the trading volume is not too high.
• The price managed to close at its available support level, which is a good sign.
• The momentum is falling and is mid-way, so not much of a signal available from there; but there are chances of further fall due to this falling momentum.

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EDUCOMP Daily NSE Stock Chart Technical Analysis