Daily Chart
An engulfing bearish pattern occured.The bearish candle engulfed the entire range of the previous week which is extremely bearish.Having occured on increased volumes enhances the bearish viewpoint.Oscillators show more downside possibility.
Half Hourly Chart
.The rising wedge and bearish head and shoulder patterns have broken out giving targets of 8813 and 9393 respectively.
follow me on twitter http://twitter.com/#!/lucksr
Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
No comments:
Post a Comment