Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Monday, February 16, 2009

supports and resistance for 16th february



30 MINUTE CHART

upmove to continue only if trades above 2770 . head and shoulder target (discussed in earlier posts) @3094 and larger triangle resistance @ 3085. trade with caution using stop losses as we are primarily in a bear market and expecting market moving news like the interim budget.

happy trading!!

2 comments:

Ranajayb said...

nice and clear chart. the simplicity of your analysis is the key here. congrats!

Lakshmi Ramachandran said...

thanks ranajay ! hope to be of use to the trader community