Wednesday, April 17, 2013

Support at 5644 and 5627

Dear All,

>click the chart to see on full screen <

I have assumed the on going wave as (iii) and now extension in nature, seems like support should be around 5644 and 5627, if holds then possible bounce upto 5824 and 5872.

Also the pattern seems like a IHS, means Bears should be careful. Lets See.

>>> HINDALCO <<<
>click the chart to see on full screen <

Hindalco looks positive as the expanding channel gives support, RSI in +ve div too. Lets See what happens.