Wednesday, February 06, 2013

50DMA - Life Saver

Dear All,

>Click the chart to see on full screen <

After Yeterdays Gap down Opening and today Gap Up Opening followed by a sell off in the later part of the trade was saved by 50dma as shown on chart. Though trading below the channel, 50dma act as a good support.

>> GAIL <<<

>Click the chart to see on full screen <

Last Update on 31st Jan,2013 Updated Gail with Triple Bottom. Now attached hourly chart suggest a break out needed above 345-357 for a good Up Move. Lets see