Weekly Chart
Daily Chart I
Daily Chart II
Half Hourly Chart
- Bullish candle on high volumes taking support at trendline from November lows.
- Oscillators have taken support at levels which have proved turning points previously.
- Lower high lower low maintained.
Daily Charts
- Third consecutive day of higher high higher low with huge white candle.
- Oscillators Rsi 14 and stochastics have turned up from oversold levels and the macd is moving up.
- On daily charts too, Oscillators have taken support at levels which have proved turning points previously.
- Crossed previous peak at 5029 thus turning the short term trend up.
- Crossed 61.8% retracement of fall from 5212.
- All emas are bullishly aligned except the 50 with the 200 ema.
Resistances are 5095-5167-5212.
Supports are at 5017-4965-4930-4880.
Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
2 comments:
very nice to read the comment on nifty chart
madam,
have been going through ur analysis lately...fascinated by the accuracy of ur analysis...visited ur website..wanted to know if ur taking technical analysis sessions.
Also one query in nifty..do u see a inverted cup and handle pattern and if yes what are its implications and targets .
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