Weekly Chart
Breakdown from support of 4950 on high volumes and break of uptrendline from March 2009 lows. This declares the trend down decisively.
Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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5 comments:
Thanks for the info mam. I would like to know what is the VWAP (Volume Weighted Average Price) for Nifty.
If its well below 4500, then the rally we had from 4350 (August low) was purely technical and we probably may correct back to 4350 levels and probably more.
I meant to ask VWAP from march lows.
Thanks!
desai
i dont have ready figures. can anyone provide it?
Mam,
I use Quotetracker which gives VWAP for for individual stocks but no data abt nifty :( I don't have Metastock but I read on the website that following can be done to get VWAP. Not sure how easy or difficult is to get this.
http://www.equis.com/Customer/Resources/TASC/Article.aspx?Id=23
will check out and get back
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