Financial Techno: An Upward Movement Possible

FINANCIAL TECHNO Weekly NSE Stock Chart Technical Analysis:

(This is a weekly chart, so each bar/candlestick represents 1 week of activity)

Financial Techno has been falling since April 2010.

Close & CMP: 704

Market Outlook:

• The price is expected to go sideways or make an upward correction now.  And this upward correction could be sustainable as well.
• The resistance is at 904 if this upward correction happens.
• If the price closes below 713 for a couple of more days, it could be an immediate bearish signal.
• यह शेयर अप्रैल २०१० से गिरता चला जा रहा है.  अभी इसे सुप्पोर्ट मिला है और यह साइडवेज जा सकता है या थोडा ऊपर की और भी जा सकता है.  अगर ऊपर गया तो ९०४ पर रेसिस्टेंस है.

Technical Indicators:

• This stock has retraced to 23.6% of its position, a very bearish place to be.
• The current price level seems sustainable.  
• The force is quite less compared to the massive volume.  The stock price could exhibit upward movement. 

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FINANCIAL TECHNO Daily NSE Stock Chart Technical Analysis

(analyzed for Prashant, Surat)