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Punj lloyd share price and stock tips - Stock is moving in rectangle pattern in daily chart - updated for 28th December 2015, Monday


PUNJ LLOYD

Share price chart of Punj lloyd is moving in a range bound pattern in daily chart technical indicates as long as it trades in between its range trend will be mix with no clear direction.

Upper side stock will find resistance around 29.20, once it closes and holds below then strength can be seen in coming days.

Suggested reading - Visit link below to see free stock tips.

Yesterday stock has shown long bullish candle with increasing volumes this indicates bulls are active and intraday action can be seen once it holds above its yesterdays high.

MACD and slow stochastic is moving in +ve zone this indicates price rise can be seen in coming days.

On December 24, Punj lloy share price was closed at 27.80 +1.60 (6.11%).

Suggested reading - Visit link below to see MCX technical charts.

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