NEYVELI LIGNITE CORPORATION
- As per previous post published on NEYVELI LIGNITE , stock fell down sharply after breaking its triangle formation and stock so far made a low of 81.50. (Click here to see past report published on NEYVELI LIGNITE).
- Now daily chart indicates stock fell down after breaking its triangle formation as shown in graph no1.
- Now as per graph no2 stock indicator is now moving around oversold zone, this is a sign of caution for bears and stock can bounce back. Daily chart also indicates stock is facing 200 days moving average support at current levels, as long as stock holds above it will favor bulls, but once stock closes below further weakness can be seen in this stock
- Suggested Reading - TATA COMMUNICATIONS is facing strong 100 days moving average support at current levels.
- As per graph no3 stock is facing 50% fibonacci retracement support at current levels as long as stock holds above 81.50 it will be favored by bulls but once close below 81.50 then stock can test its golden ratio support around 75.
- Click here to see all the free trading reports (tips) published by us on NEYVELI LIGNITE.
- Stock tips for tomorrow
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