DLF, Tata Motors, IRCTC and SBI were among shares that touched yearly lows in today's session and all these stocks are looking bearish on technical charts. Technology major HCL Technologies is also looking strongly bearish on technical charts and the stock closed nearly one percent lower in today's session. IRCTC and SBI were among public sector companies that are facing selling pressure and touched yearly lows. SBI could see a recovery from lower levels if market sentiment improves. TopNews has reviewed technical levels for these stocks for short term investors and day traders.

Key Points for Short Term Traders

DLF
The stock is trading near its 52-week low of Rs 640.00, indicating a possible buying opportunity for long-term investors.
Fibonacci support is around Rs 710.11 (78.6% level), which could act as a rebound zone.
A breakout above Rs 890.29 (23.6% level) may signal a strong upward trend.
Tata Motors
Currently near support at Rs 645.65, aligning with its 52-week low.
Fibonacci retracement indicates strong resistance near Rs 975.26 (38.2% level).
If the stock surpasses Rs 1053.13 (23.6% level), it may gain bullish momentum.
IRCTC
Rs 692.00 is its critical support (52-week low), and Rs 787.64 (78.6% level) is a potential bounce-back zone.
If it surpasses Rs 1033.43 (23.6% level), it could move toward a new high.
Investors should watch for momentum signals around Rs 968.18 (38.2% level).
SBI
Current price of Rs 701.10 aligns with its 52-week low, presenting buying potential.
The Fibonacci 50% level at Rs 806.55 is a key resistance.
A breakout above Rs 862.23 (23.6% level) could confirm upward movement.
HCL Technologies
Rs 1235.00 acts as major support, while Rs 1401.32 (78.6% level) is a critical zone.
If the stock crosses Rs 1828.78 (23.6% level), it might retest its 52-week high of Rs 2012.20.
Watch for price action near Rs 1623.60 (50% level) to confirm future trends.

Stock Performance and Price Action

Fibonacci Levels for Trading Ideas