Tuesday, October 22, 2013

Support 6160

Dear All,

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

Lackluster move. 6160 important support. As shown on chart, if hold the support, rally may continue since the last leg seems like extending further. Else Correction 6030 may happen for 4th sub wave. Lets wait and see.

>>> IDFC <<<

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

IDFC - Price returned from the hurdle line today. Expect a good bounce once hurdle crosses. Yes we are holding Long in this counter.

>>> ICICI Bank <<<

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

ICICI Bank looks like a Flag pattern with good volume, though 1024 resisted hardly for 2 times. If crosses then good upmove should push the stock on the upper side. Lets see.