Friday, April 19, 2013

Weekly Review - 22.04.2013

Dear All,

>click the chart to see on full screen<

Price closed above 50dsma looks positive. Should cross 61.8% or 5782 for reaching next level 78.6% or 5865. Channel Resistance should act as a major resistance.
>Nifty Published as on 15th April, 21013<
>click the chart to see on full screen<

Said Nifty should cross the channel for any upmove.
> Happened and Yet to <
>click the chart to see on full screen<

Nifty almost touched the channel to complete (iii) wave and may correct for (iv) wave down before a final upmove. Lets see
>>> BANK NIFTY - Published on Last Weekly Review <<<

>click the chart to see on full screen<

>>> Happened and Yet to <<<
>click the chart to see on full screen<

As wrote on Last Weekly Review about Falling Wedge Break out, Bank Nifty spiked to 12313. As BN crossed 61.8% seems like it can touch 78.6% which is near 12517. Lets See.
>>> SBIN - Published on Last Weekly Review <<<

>click the chart to see on full screen<

>>> Happened and Yet to <<
>click the chart to see on full screen<

SBIN on a-b-c-d-e formation, which (e) is on progress.
>>> IFCI - as on 15th April, 2013 <<<
>click the chart to see on full screen<

>>> Happened and Yet to <<<

>click the chart to see on full screen<

Ifci as said last week's review touched 29.5 and reached our target. Now need one more break out as given on chart for next target.
>>> Tata Motors - as on 15th April, 2013 <<<

>click the chart to see on full screen<

>>> Happened and Yet to <<<
>click the chart to see on full screen<

Tata Motor Crossed Resistance 281, should touch the upper side channel as shown on chart.
>>> TATA STEEL <<<

>click the chart to see on full screen<

Tata Steel need a Break out for Upmove from the Wedge. Lets Wait and see.
>>> ANDHRA BANK <<<

>click the chart to see on full screen<

Andhra Bank has given a Break out with Good Volume suggest a Healthy Upmove on Card. Lets get read for it.
>>>> PERFORMANCE <<<<

>>> Click the Image to see on full screen <<<