Tuesday, January 13, 2015

Gap Filled, Will the Trend Reverse ???

Dear All,

>>> Nifty Hourly - As Posted Yesterday <<<

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

Wrote Yesterday, 8364 and a Gap left on the upperside should be watched. See what happened.

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

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

As per triangle pattern, break out of either side may give us a clear direction. Today Price almost covered the gap as shown on chart. Now if Price breaks and trades below 50 and 100 hma - expect a good correction

>>> Bank Nifty Hourly - As Posted Yeterday <<<

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

Wrote 19006 as a Resistance.

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

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

Above chart reveals, a channel broken and tested 50 and 100 hma. If continues to stay below the Moving Averages, then expect a good correction.

>>> INDUSINDBK <<<

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

Earlier we met a Stop loss on IndusInd Bank - Today we re-entered Short @ 830 Level. As per chart attached above, price falling with a good volume. Lets expect a good fall. Cheers!!!