Thursday, October 17, 2013

Support 6017 & 5984

Dear All,

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

Broken the channel and took support on 50 hr Moving Average. Now time to look at the second alternative. So I have marked the possibilities of third wave up move also. In that case 6017 and 5984 should not broken. If broken then we are on Wave C and downside is confirmed. Possible downside should be 5700 or near to it. So lets wait for the weekend trading for tomorrow.

>>> JP Associates <<<

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

Holding Long in JP Associates with some Part Profit Booked. If price stays above the Upper side channel as shown on chart, more upmove coming. Lets See.

>>> HCL Tech <<<

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

HCL Tech today confirmed the break down with good volume. We Booked some part profit. Still more downside left.