Indiabulls Daily & Weekly Outlook

INDIABULLS Daily NSE Stock Chart Technical Analysis

Indiabulls stock price on NSE fell today after a heightened interest yesterday.

The price closed at 223.2 after opening at 230.85.

Market Outlook:  The price could fall further tomorrow.  The line of support is around 220 levels and an intraday high of 230 is possible.

This week could end around 204.  By next week, the price could rise again, but this is only an assumption and we will wait for end of week indicators.

Technical Indicators:

Price has taken support near the 78.6% level.  (Fibonacci lines not shown on this chart)

Rs 221 is also a price support level from the past, as is visible on the chart above.  The price will get good support right now and this will slow down the speed of today's fall in the coming days of the week.

(Analyzed for Jojo, Kochi)

Escorts Price Channels

ESCORTS Daily NSE Stock Chart Technical Analysis

Escorts fell today and closed at 224.75 after reaching an intraday low which was close to yesterday's opening price.

Market Outlook:  On 3rd the stock should close below today's close but not below today's intraday high, i.e. the price should close between 225 and 221.

Technical Indicators:

The price is finding support at the moving averages, both short and long term.

Price channels within price channels have formed which are acting as points of resistance and support, but the stock is in an overall uptrend.