As you can see, the stock is in uptrend and is around the 61.8% retracement. If breaks the upper trendline convincingly then 260 to 270 can be achieved
Tuesday, 31 January 2012
LIC Housing Chart
As you can see, the stock is in uptrend and is around the 61.8% retracement. If breaks the upper trendline convincingly then 260 to 270 can be achieved
Friday, 27 January 2012
Nifty View - 27th January 2012
From the above chart, the MOB (Make or Break) level has been marked near the 3 (circled). This is wave 3. If reverses from here, then the first point -4- would market the end of wave 4. However, if trend continues then we can see levels of 5500 if wave 3 continues. This is not my chart. I have got this from a very respected mind in the market. Any questions, please let me know. Again, this is For Your Information only.
Wednesday, 25 January 2012
JSW STEEL View....
JSW Steel is trading a channel, so there could be downside from here, if the upper channel is not broken and holds....
Tuesday, 24 January 2012
Nifty View
See the channel in which the Nifty has been trading... If RBI policy is good then upside, else we move lower
Friday, 20 January 2012
Reliance Infrastructure - Short Term Retracement Complete
Enclosed is the chart for Reliance Infra - Courtesy Zain. The short term retracement is complete and 492 levels should act as a resistance. Otherwise, it should continue its upmove
Thursday, 19 January 2012
Wednesday, 18 January 2012
Reliance Infrastructure view
From high of 595.70 on 26 Jul 2011 to low of 326 on Jan 2nd 2012, the stock has retrace to 38.20% on fibonnaci. The trend is up looking at MACD as it is +ve.
Tuesday, 17 January 2012
ICICI downtrend
Most short term indicators are now pointing downward for ICICI and broken the 55 day Moving Average. So hedge your trade
Friday, 6 January 2012
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