Tuesday, January 11, 2011

BN has closed below all time frame Emas.

Till a reversal pattern is spotted, sell into all the rises. There could be bounces from oversold conditions: play them with caution. For eg: If trades above today's pivot or ORB high, then trade and look for follow up confirmation to move above VAL(10876-BNF). On the contrary, when such a bounce finds resistances, sell. If I find a short term chart showing +ve div, I will post them. All daily charts are in down trend.

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