Daily Chart
Fall continues retracing around 80% of the rise from 10977. Support on trendline from August reaction lows is at 11073. Only the 5 dema is bearishly aligned with the 10,20 & 50 demas.This gives a sign of bullishness lurking .The resistance from these demas is at 11425-11490-11575-11780.The 200 dema has support at 10927.
Supports are at 11073-10977-10740 and Resistance is at 11341-11448-11545-11624.
follow me on twitter http://twitter.com/#!/lucksr
Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
No comments:
Post a Comment