Sunday, January 26, 2014

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


6355 acted twice as resistance.

Weekly Analysis:

Daily Analysis:


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.

1 comment:

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