Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
follow me on twitter!/lucksr

Thursday, June 28, 2012

Reigning The Bank Nifty 28th June 2012

 Daily Chart

Resisted once again at the redrawn down trendline from 11226.Resistance now at 10095.Pennant formation spotted, shown in red in the hcart below.This is a continuation pattern so possibility of breaking out on the upside is more.
20/50 dema has once again given a golden cross which is a positive.OBV supporting an upmove too.Oscillators though showing waning momentum.

Daily Chart

The bearish head and shoulder pattern shown yesterday seems to be invalidated.The fall from the rising wedge too is not happening.Watch out for a breakout from the red neckline of the inverted head and shoulder pattern with breakout point at 10224.Support at 9933-9970.

Half Hourly Chart

follow me on twitter!/lucksr

Happy Trading !!
Lakshmi Ramachandran

No comments: