Friday, June 8, 2012

BN's channel resistance comes @ 10020-60 for consolidation, if any..

If the rise to 11227 was "a", then the rise from 8995, being "c" wave should be more bullish than the "a". Any failure along the way should caution you of "deception".
But as of now, prices are trending firmly and there will be corrections to the current rise which should be managed with trailing stops.
Hour trend changed the day trend and the day trend is "changing" the week trend.
Hour TA, Overbought, would show weakness below 9870.


0 comments:

Post a Comment