Dear All,
>>> click the chart to see on full screen <<<
Upmove still On. But Indicators still on negative side. Above Expanding Triangle on chart suggest caution still. FED to Decide the next course of move.
>>> Apollo Tyre - As Posted Yesterday <<<
>>> click the chart to see on full screen <<<
Yesterday wrote - Price facing a resistance from a trend line, See what happened.
>>> Apollo Tyre - Happened and Yet to <<<
>>> click the chart to see on full screen <<<
As expected - Price resisted and still we need the price to break below the pitchfork for a good sell off.
>>> Bank of India <<<
>>> click the chart to see on full screen <<<
I hope the above chart is clear for you to understand that the BEAR is trying to make an entry in to the script. A Hanging man followed by a doji is a clear bear sign. But in case the price can move above the trend line - Upmove to continue. Else Heavy sell off may happen. Stay Cautious on Longs. Cheers!!!