dailyfnodata Technica!! is a technical section for subscribers.
Petronet LNG (160.50)
As per slow stochastic indicator, Petronet LNG Ltd. was in over sold level. However, recent price moves on 02/01/2013 indicates trend reversal and stock may rise in near future. This stock is in short term down trend.
Three inside up Candlestick pattern was formed by Petronet LNG Ltd. on 02/01/2013 Prior to pattern formation this share was in downtrend.
As per slow stochastic , Petronet LNG Ltd. is in over sold range with a value of 17.82
Bullish harami Candlestick pattern was formed by Petronet LNG Ltd. on 01/01/2013 Prior to pattern formation this share was in downtrend.
Coal India (361.75)
Coal India seems to be weak now. It has made a high of 361.95 today after opening. The share is weak and it can slip to 356 intraday or in short term of 2-3 trading sessions. Traders are advised to take short positions in this stock with a strict stop loss of 363. If the market becomes weak after a good runup, it will be among the shares who will slip very fast.