Wednesday, April 22, 2015

Is this a Relief Rally ??? Means More Fall Ahead !!!... Caution!!!

Dear All,

>>> Nifty Hourly Chart - Posted Yesterday <<<

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

Yesterday wrote RSI on a Break out mode, So expect a Recovery...!!! But what happened is ..?!?!?!? .. Lets See in detail..

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

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

Moving Averages confirmed the Bearishness, RSI still on the break out mode. Later part of the day saw a good rally, shows relief rally on its way. So how far its going to be ???. Lets see more details on 5 mins charts attached below.

>>> Nifty 5 Mins Chart <<<

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

We gave Long - Send on WhatsApp Clients also. But Stop loss met - Approx 50 points Loss. Late in the afternoon, Price made a fast recovery. The reason - because of an Irregular A-B-C correction. If the Resistance given on chart - unable to cross may enable the bear to resume its selling once again. Caution advised.