April 26, 2017

  • Tata motors daily shows oversold indicator levels. Price is moving into a crucial support zone. If the level is held a reversal is possible. That is a Big IF and one has to trade with caution.
  • Week and Month shows the support levels. Bigger weakness for the stock on closing below 420 levels in Higher time frames.

April 24, 2017

  • Crude oil one hour chart continues to favour crude bears below the cloud. But price is approaching 200 SMA in daily time frame. This could be a make or break level for intraday traders. Break below this line could give 47 levels. If 200 SMA is held then a big reversal is possible.

April 23, 2017

  • Daily chart shows price trying to move back above 20 Day SMA and closing back below this line. Now More weakness in daily chart if 9075 levels is broken.
  • Bigger falls or a Top in weekly chart can form only below 8990 levels. There is small GAP in weekly chart around this zone. Weekly close below this level may lead to a trending move in this time frame.
  • Having said that If bulls manage to close back above 20 SMA then bears will be at a disadvantage again.


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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore