Monday, November 03, 2014

Resistance @ 8350

Dear All,

>>> Nifty - Daily Chart <<<

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

Almost 630 Points rally form 7723 to 8350 - which is 38.2% of Wave 1-3. So if 8350 Resistance - fails to cross - Expect some correction. Details on Hourly chart also.

>>> Nifty - Hourly Chart <<<

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

Retraced 100% of Wave (a)/(1) for Wave (c)/(3). RSI broken and if stays below, expect correction.

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

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

Wrote on last weekly Review - ACC - Finding a Resistance - Lets See the update also.

>>> ACC - Happened and Yet to <<<

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

Yes - We are in Short. RSI confirmed the Break down. Now Price must confirm - Once break below 50 hma and Pitch fork. Just Sell.