IVRCL Infras: Support at 128, could rise again

IVCRL INFRASTRUCTURE & PROJECTS Daily NSE Stock Chart Technical Analysis

The price opened near yesterday's close and fell yet again.

Open: 136.1  Close:  132.75

Market Outlook:

• The price has good support near 128, could possibly rise back again before or after hitting this level.
• Keep noticing this stock, if it rises back strongly with other indicators positive as well, it will be a good time to buy this one.

Technical Indicators:

• There is support line at 128.
• The stock is already in the oversold levels and it is showing a probability to rise out of the oversold levels soon.
• If the price rises back, the short term targets are at 141 and at 150.
• Anything above 160 and this stock is rocking again.

IVRCL INFRAS Daily NSE Stock Chart Technical Analysis

Airtel taking support of 200 DMA, Resistance at 318.50

AIRTEL Daily NSE Stock Chart Technical Analysis:

Airtel remained range-bound on a day when the market tanked, and was able to hold fort and remain where it opened.

Open: 312.95  Close: 313.45  High: 319.50  Low: 311

Market Outlook:

• Market remained indecisive today and has tested its previous support at 318.50 which is now acting as resistance.

Technical Indicators:

• An indecisive Doji candlestick formed today.
• The price tried to return back to its support line at 318.50.  But now this same support line is now acting as resistance.
• The price has taken support of 200 DMA near Rs 307.
• Tomorrow is a crucial day and the price could try to rise above 318.50 once again.

AIRTEL Daily NSE Stock Chart Technical Analysis