Daily Line Chart
OBV, the one indicator which was holding above the trendline from March lows has finally broken down.Now we have one more evidence of bearishness.
Half Hourly Chart
Half Hourly chart shows how one bearish pattern after the other is appearing.
The 4925 to 4950 level has strong supports. Watch out for a pullback from these levels.However a break from these levels would lead to a test of 4806 low with a strong support at 4820 from the trendline joining lows of 3918 and 4538 , shown on weekly charts.
Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
5 comments:
THANKS
Nice informative posts that help take evasive action and exercise caution before the bloodbath. Thanks for the constant updates.
Cheers
Venky
Dear Mam,
Would it be possible to put the graphs which can viewed on the screen without scrolling the chart to the left or right and up and down?
Regards,
Sudhin
Dear Mam,
Could you please post your views on RIL, it is <50 dma and just above 200 dma. When in your view would you buy this stock, given the fact that you are mildly bearish on the nifty.
Also as a general rule when shuld one consider buying a stock when it is in the above case.
Regards,
Sudhin
there was one more comment asking about charts but that got deleted somehow. Any queries like that and the one by mem please post on the forum at http://www.vipreetsafetrading.com/forum/
you will get answers there and maybe by some of the fantastic boarders like rajamani , rjamohan, rahul and girish too
Post a Comment