Quick Followup to "A Pullback In The Offing"

Daily Chart

  Half Hourly Chart 

The pullback with a gap up opening failed to see a follow through indicting extreme 

bearishness.Close was below 11108 opening possibilities of 10584 which is next support.So the target

 of 10825 is very achievable now!

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Happy Trading !!

Lakshmi Ramachandran

A Pullback In The Offing

Half Hourly Chart 

Half Hourly Chart 

Morning Star Bullish candle pattern with positive divergences

Daily Chart 

 

Bearish engulfing pattern in a downtrend is considered bullish.Positive Divergence on oscillators too.

Daily Chart 

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Happy Trading !!



Lakshmi Ramachandran

Maruti Suzuki Technical Support

Weekly Chart

 Strong support should emerge just below the 5000 levels.

 

follow me on twitter http://twitter.com/#!/lucksr


 Happy Trading !!


Lakshmi Ramachandran

Nifty Target 10825

Daily Chart 

Break down from the Diamond reversal pattern gives a target of 10825 ! 

Support available at 200 Ema at around 11270 and previous low of 11108.

follow me on twitter http://twitter.com/#!/lucksr 


Happy Trading !! 

Lakshmi Ramachandran