Seamec: Underwater

SEAMEC Daily NSE Stock Chart Technical Analysis:

Seamec has continued to fall since Nov 2009.  The value has less than halved since that time.

Close & CMP: 109.65

Market Outlook:

• The stock price fell below its long term diagonal support line and this line is now acting as resistance.  Currently, the resistance is at 110.
• If the price falls further, there can be some expected support at 100.
• Seamec का भाव नवम्बर २००९ से लगातार गिर रहा है.  एक और सुप्पोर्ट लाइन को भी तोड़ दिया है और नीचे गिर गया है.  अब इससे ११० पर रेसिस्टांस है, और १०० पर सुप्पोर्ट है.

Technical Indicators:

• The price tried to make a U-turn today but hit its resistance and remained below.
• The price has recently fallen below a long-term support line which is now acting as resistance.
• Overall NIFTY is also falling, so no stock has as it is been able to sustain.
• Climbing and staying above 113 will be a good sign.

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SEAMEC Daily NSE Stock Chart Technical Analysis

Fedders Lloyds Corp: Moving Sideways

FEDDERS LLYODS CORP Daily NSE Stock Chart Technical Analysis:

FLC made a slight rise today.  But it could simply be a correction.

Close & CMP: 77.85

Market Outlook:

• FLC has been falling since Nov 2010.  Right now it has found a support level at 73.  
• The price should rise to 82.  If it is able to rise and stay above 82, that is a good sign for this stock.
• If it falls below 72.50, that is a bad sign as there is important diagonal support line at this level.  Falling below 69 will be dangerous.
• Fedders Lloyd's Corp का भाव  नवम्बर २०१० से गिर रहा है.  इस का भाव ८२ के ऊपर गया तो यह अच्छी निशानी है.  पर ७२.५० से नीचे जाना बुरा है.  और ६९ से नीचे गिरना खतरनाक हो सकता है.

Technical Indicators:

• There was a gap-up today but a spinning top formation was generated, showing an indecisive market inspite of gap up.
• The momentum is upwards and so there is a good chance this stock will rise further.  Going above 82 and staying above it can mean a recovery.  
• 72.50 and 69 are important support levels below which another free fall could occur.

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FEDDERS LLYODS CORP Daily NSE Stock Chart Technical Analysis

(analyzed for Parvesh, Nagpur)