Posting the basic chart. Details later...
Monday, 5 August 2013
Thursday, 1 August 2013
Reliance Power : Hot for delivery...correction due.
Rpower could go down to make a new low .. possibly 58-55, where it becomes a long term buy and trend will reverse. Details later.
Monday, 29 July 2013
Ranbaxy 29 Jul 2013 : Broken Down
I had written about Ranbaxy on 01 June 2013 at Mission 2020 for Ranbaxy.....Roughly Speaking and things did work out as expected. However, today a very long term APF has been breached and if it is not regained soon, Ranbaxy may head towards 160-170.
Tuesday, 23 July 2013
Nifty 23 July 2013 : An intermediate correction. Fall may commence any time.
I perceive that Nifty is in an ET and the present rise will be resisted near or slightly above 6100. The chart below is the basis.
Sunday, 21 July 2013
ICICI Bank 21 july 2013 : Broken down and will crash after a brief recovery.
ICICI Bank has breached an important channel in the LT. After a brief
correction, it is highly probable that it heads towards 600.
The chart below shows APFs in the LT alongwith an Inv H&S in brown color (which has possibly met its target). Presently the price action is heading towards LTL of purple APF and is presently hitting a support line. A bounce is expected from here before the fall is resumed.
The chart below shows a MT WW, which targets much lower and will take a much longer time before the target is reached. The support is shown with green arrow heads. Presently, the purple channel needs to be used for trading. A bounce is expected to purple UTL from here, which should be used for shorting for targets of 900, 850 and 750 roughly.
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