Thursday, January 01, 2015

Now We are Above 8282. Get Ready !!!

Dear All,

>>> Nifty - As Updated Yesterday <<<

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

As written Yesterday - 8282 was a crucial resistance. Lets see what happened today ?

>>> Nifty - Happened and Yet to <<<

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

Ofcourse Nifty above 8282, but again a small rectangle like formation - should give a break out. So lets wait patiently for that.

>>> Bank Nifty - As Updated Yesterday <<<

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

18735 - Resistance. Lets See what happened today.

>>> Bank Nifty - Happened and Yet to <<<

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

As yesterday Price crossed above the resistance 18735, but still we need one more break out. Lets See.

>>> BHARTIARTL - As Posted on 18th Dec, 2014 <<<

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

Remember - We wrote on 18th Dec, that we are long in Bharti from 342 Level.

>>> BHARTIARTL - As Posted Last Weekly Review <<<

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

Last Weekly Review - We have explain with Hourly chart - How Price Yet to move on the upper side. Mentioned clearly on chart - Price should break the Upper channel of Pitchform. See what today happened ?

>>> BHARTIARTL - Happened and Yet to <<<

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

Yes, We have booked Rs.10,000 part profit after patiently waited for near 2 weeks. Above chart shows how the break out has been priced in. Once if trades above the channel as shown on chart, Big Short covering and Fresh buying may come in. Get Ready - Cheers!!!