Sunday, May 2, 2010

SAIL is heading towards 200 or below.

Author: Ilango | Posted at: 1:52 PM | Filed Under: |
"194 - 205 " is the area to look out for a +ve divergence after few days of fall..
A reliable support generally found in previous "resistance zone" comes @ 185-180.
A major weekly channel is under threat of "Breaking down".

2 comments:

triple jp on May 2, 2010 at 4:25 PM said...

Dear sir ,

Thank you for your sail post again i am request you
for Bombay Rayaon ( BRFL) IS THERE ANY BREAKOUT POSSIBLE

Thanks & Regards

jp

Piyush Sharda on May 2, 2010 at 6:43 PM said...

sir i have a question,

if i analyse the 3 charts like this

there is a divergence in hourly, price making lower low indicator higher low. price has to turn up either confirmed by signal crossover over of macd or price above an ema.

weekly at major support

daily has broken a tl slightly but is hanging on there. tl r slighly subjective. so lot of times stocks breach them slaghtly and fall within again.

what is wrong in this analysis

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