December 17, 2012

NIFTY Chart analysis

 
  • First chart is the daily time frame with MACD indicator which is getting ready for a sell. If macd gives a sell we may see a dip in price towards the up trend line.
  • Weekly chart is pausing at 78.6% Fib level and a possible resistance line. If price does not breakout above 5950 on closing basis we may see a bigger correction as shown in the last chart to form the handle of a cup and handle pattern.
  • BANK NIFTY LIVE CHART WITH AUTO REFRESH
-->


No comments:

Post a Comment