Saturday, June 27, 2015

Weekly Review - 29.06.2015

Dear All,

>>> Nifty Weekly Chart <<<

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

Its a clear break out from RSI - But still price need to confirm the same for a clear rally. Price above 50 Week Moving Average may also help the bulls.

>>> Nifty Daily Chart <<<

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

Explanation on chart. To make it simple - Trend line to decide the trend.

>>> Nifty Hourly Chart <<<

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

Hourly Chart giving us a different view. RSI - for the last 4 days moving negatively while price stays below the upper channel. If price cross above the channel may trigger a Short covering and Fresh Buying. Else if RSI break the trend line as shown on chart - Sell off may start.

>>> Bank Nifty Weekly <<<

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

Need more confirmation from Price and RSI for Next move.

>>> Bank Nifty Daily <<<

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

Key Resistance 17480 or Channel Top should cross for a good rally.

>>> BIOCON <<<

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

More fall expected on Biocon, if Price breaks the Trend line as shown on chart.

>>> LT <<<

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

Caution Advised on LT - Cross above the Channel Resistance may see Rally.

>>> Performance till 26th June, 2015 <<<

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