Daily Chart
Bearish candle taking support on the green trendline .Support on this trendline is at 5780.The 5 and 10 dema cross has given a sell.Close was below the 20 dema.The 50 dema has support at 5706 and 200 dema at 5630.
Half Hourly Chart
Support taken exactly at the 61.8% level of rise from 5693 to 5913.The breakdown from the pink triangle gives a target of around 5600. The inverse head and shoulders could still be forming. Supports and Resistances marked on the charts.
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Lakshmi Ramachandran
www.vipreetsafetrading.com
3 comments:
mam..hope i read this before..
its amazing 5706-16..
bank nifty 385-438..
hope u trade as per your plan..
Yes I do. It is really amazing how technicals work and I really thank the people who discovered it.We are just followers but they were really great.
no update mam
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