Thursday, July 23, 2015

Resisted @ 8654. Support @ 8540,8500,8470 & 8420

Dear All,

>>> Nifty Hourly Chart <<<

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

So the top most trend line is still unbreakable - shows more consolidation ahead. Possible Support may be 8540,8500,8470 and 8420.

>>> TATAMOTORS - Hourly <<<

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

If the Price stays above the break out channel - initial target may test the next channel as shown on chart. Cheers!!!

Resistance @ 8650 & 8680 - More Rally above this level

Dear All,

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

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

Wrote yesterday - rally possible again - said still possible to rest 8680. See what happened.

>>> Nifty Hourly Chart = Happened <<<

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

As exected - Rally started again. More rally above 8680 possible. Cheers!!!