Quotes with Resistance & Support
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REIAGROLTD – A closer look Technically

This article was posted on Nov 24, 2009 and is filed under Stock Views

REI Agro Ltd seems to be trading near its long term support levels, the stock faces strong support at 40 levels, below that it could see 32 levels in near term. Traders invested in the stock might keep a SL at 40 and continue to hold it.

The Stock also trades below its 10, 30 & 50 DMA, which indicates a bearish movement.

On the positive side It faces strong resistance at 52-53 levels. A close for the stock above 53 could take it to 70 levels.

Technical Chart for the Stock:

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