Weekly Review :- 17.03.2014

Dear All,

>>> Weekly Chart - As Updated Last Weekly Review <<<

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

Last week wrote about the break out on Weekly Chart.

>>> Happened and yet to <<<

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

Doji candle on weekly chart. Indecision. So lets see on daily and hourly for clear trend.

>>> Daily Chart - As Updated Last Weekly Review <<<

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

Last week mentioned about IHS break out on daily chart.

>>> Happened and Yet to <<<

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

So the price re-tested the trend line. Hope it will continue to upmove.


>>> Nifty - Hourly Chart <<<

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

Hourly Chart shows a clearly picture for an uptrend. Last week ended sub wave 4 and started moving up for sw 5.

We covered our earlier shorts with nearly 100 points profit and long since 6430-40. Good upmove should continue if able to cross the channel. Lets see.

>>> Bank Nifty - hourly - As updated Last weekly review <<<

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

Last week wrote about Key resistance on Bank Nifty.

>>> Happened and yet to <<<

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

may be the end of sub wave (iv), if so then get ready for new high next week. Else break below the last week low may trigger some more correction.

>>> Flops of Last Week <<<

>>> Tata Steel <<<

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

>>> Rcom <<<

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>>> Hit of Last Week <<<

>>> BIOCON <<<

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>>> Asian Paints <<<

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>>> Voltas <<<

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