Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
follow me on twitter!/lucksr

Monday, August 27, 2012

Reigning The Nifty 27th August 2012

Weekly Chart 

Daily Chart 

The pink rising channel on daily charts was broken decisively and the weekly charts formed a shooting star both of which point towards a pullback.The negative divergences on Obv and oscillators on daily charts  have been signalling the same since a few days.

The tiny rising wedge on daily charts was broken intraday but close managed to be just within it.A trade above 5399 is required to avoid breaking it.5345 is support on the downtrendline from November 2010 highs joining February 2012 highs.A break below this will accelerate the downtrend.


follow me on twitter!/lucksr

Happy Trading !!
Lakshmi Ramachandran

No comments: