ANNOUNCEMENTS:

I'm back after a sabbatical !

SUBSCRIBE Centaur Investing's Newsletter

Monday, February 28, 2011

Seamec: Still Underwater


SEAMEC Daily NSE Stock Chart Technical Analysis:

Seamec again fell today and remained below its diagonal resistance.

Close & CMP: 100.4

Market Outlook:
The stock price is below its diagonal resistance but is resting on its support @ 100.  If 100 is broken we could see another big fall.  This looks like a sideways price trend is emerging.

Technical Indicators:
Some inverted hammers in the past few days bounced off below the resistance, showing the strength of the diagonal resistance.  
Today the price stopped exactly at its support @ 100.
So, there is a battle between the bulls and the bears and there is chance that this stock might remain sideways in March.


SEAMEC Daily NSE Stock Chart Technical Analysis

No comments:

Post a Comment

Post comments to share your thoughts and interact with me. Communication from you inspires me to keep posting !

Popular Posts

Connect With Me

Site Popularity

Follow Me on Twitter