As Gave Last Week :---
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Wrote last week that 5890 was a good support and it was 38.6% retrace for the current fall, but broken and hence should change for the alternative bearish view also.
Happened and Yet to :-
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Since last week i was expecting some more rally left, but current fall suggest that 6111.8 shall be the top, and a possible down trend started. So i have categorized the current fall as sub wave (a) as it fell down as 1-5.
The long legged doji suggest a possible trend reversal for the current fall i expect nifty to move up from here for sub wave b.
Let see in detain in hourly chart as given below
>> Nifty Hourly <<
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Hourly chart - with Andrew Pitchfork suggest a Possible bounce upto 6013 or 6056 next week in the form of a,b,c for sub wave B. Also witnessed a positive divergence on MACD give strength for my view. Lets See...
>>> DLF <<<
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DLF clearly broken down after making a top at 279, also broken out of falling wedge followed by a green doji like candle suggest a possible bounce back. I see every rise is a shorting oppertunity unless there is a meaning full pull back possible.
Performance in DLF as follows :-
(2/15/2013 1:28:56 PM): ****N4A-STOCK-ALERT**** RISKY TRADERS BUY DLF 246. SL BELOW 242.50. TARGET 252 AND 255 (all spot lvl) http://niftyforall.blogspot.in
(2/15/2013 2:26:39 PM): ****N4A-STOCK-UPDATE**** DLF BUY TRIGGERED. NOW ABOVE 246
2/15/2013 2:46:40 PM): ****N4A-STOCK-UPDATE**** DLF FIRST TARGET DONE 252. BUY GIVEN AT 246. PROFIT 1000 X 6 = RS.6000 http://niftyforall.blogspot.in
>>>SUZLON<<<
Have given on my face book id - the below image. so many queries of why Suzlon ????
So here is the chart ...
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It seems like Suzlon is making a base for a Technical bounce from here. If 19.80 can hold in coming days, then i hope it can zoom for a new high. Apart from this i dont have any fundamental reason to buy this stock. Many times I witnessed that Chart comes first and news comes later, so i suppose a case for suzlon also. Let's See.
>>>BHARTFORG<<<
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Bhart Forge broken out of Falling Wedge, Expecting a good upmove.
>>PERFORMANCE<<
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Cheers!!!
