Sunday, November 27, 2011

Technical Analysis of Stocks @ a critical juncture.

Infosys, after having rallied, gave a sell signal last week and has fallen now below 50Sma.
Icici Bank has broken below 750 support and heading lower.
SBI has completed a bearish flag and poised for more falls....so do other stocks.

Are these stocks are likely to complete a vth wave this week or only a pause as after an "a" wave of an "abc".

One thing is clear though that the rises have been met with selling and aren't sustainable.

During a bear phase, just look for "Bearish Flags" & Sell on rises" - you'll do well.

1 comments:

San on November 27, 2011 at 11:33 AM said...

Thanks for the analysis sir.

Post a Comment