Sunday, January 26, 2014

Nifty P&F (Wk 2701-3101) - Failure of 6255 may activate the bearish nature in short term.

Recap:

6355 acted twice as resistance.

Weekly Analysis:


Daily Analysis:



Summary:

Weekly pattern : Spread Top BO.
Daily pattern : DT (Double Top) BOF (Break Out Failure).
HPO (D) : -
VPO (D) : 6450
BlSL (D) : 6256, 6041
BrRL (D) : 6351

If it breaks the the BlSL(D), it's going to get bearish. However, if gets supported, may continue the upmove.
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1 comment:

  1. pinakinFebruary 8, 2014 at 10:02 PM

    Dear Rajibsir ,
    Kindly update for the market as it had broken BISL and close
    Above it . It confusing lot.
    Thanks and regards,
    Pinakin

    ReplyDelete

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