today’s top losers stocks technical analysis and suggestion for this month
unitech stock below 9 rupee will enter panic sell off mode which we already seen today. stock closed at 8.5 rupee today down by 37%. expect sell off to continue till end of this month. expected year end target sub 5 rupees. for long term investors or in this stock gamblers 11 rupee is strong supply zone on chart!!
jpassociat stock today beaten down by 21% and closed at 13 rupees. for month of june expect downside target of 12 to 10 rupee. below 10 rupee expect more panic sell off. something is gone very wrong for this stock and it is heading towards kingfisher way !!
orbit corp. stock today closed at 8.7 rupees levels with almost 20% drop in price on significant volume. stock already in long term downtrend and always chasing lower band of trend channel. on downside 7.5 is final support for month below it expect heavy sell off in this stock. from long term view stock is heading towards its target of 6.1 rupees.
gtl share today lost 16% plus and closed at 10.65. this stock is also in absolute downtrend. after panic fall from 460 rupee stock consolidated in 20-40 rupee range and now once again picking up momentum on downside. for this month 9.5 rupee is final support below it expect panic sell off. on historic chart 8.1 rupee is target for stock and stock already moving towards it.
ivrcl infra stock closed at 11.6 rupee level with 16% drop in single session. for month of june, 11.4 is immediate support if gives closing below it then expect 10 rupee and then 8.8 rupee levels for this stock. today 57 lakhs shares volume seen which is also significant with price action. from historic view, stock is trending towards its target of 8.8 rupee to 6 rupee zone. on upside 13.7 will remain as strong resistance.