Daily Chart
Half Hourly Chart
Today's candle was bearish with a bullish tinge. It broke supports but the long lower shadow showed good support at lower levels. Till this level holds we may expect some recovery. However the neckline shown in green on half hourly charts and the neckline on daily line charts shown yesterday has been violated. The trend is now down as we have a lower high at 5342 and a lower low below 5160.
Sell on rise is the trading mantra until proven otherwise.
Supports and Resistance marked on charts.
Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
3 comments:
thanks for ur view mem
Hello madam,
I am writing first time to you.Your analysis is just too good-very perfect.Can you give analysis for the heavyweights like Reliance,SBI,L&T?
Metastock which version are you using?
i hve metastock professional 7. I will try to analyse those stocks
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