Friday, December 31, 2010

Happy New Year.

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BN, if holds 11525, will continue to move higher.

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Thursday, December 30, 2010

BN, if clears 11635, poised for 11780/11862.



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Wednesday, December 29, 2010

BN broke below Ascending triangle...is it a whipsaw..>>11465/485 will confirm it.



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Tuesday, December 28, 2010

BN continues to trade within an Ascending Triangle..



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Monday, December 27, 2010

BN grinds its way into the apex of the "Ascending Triangle for a decisive move soon.

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Saturday, December 25, 2010

Merry Christmas.

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Friday, December 24, 2010

BN continues to trade within an Ascending Triangle..

This Ascending triangle may get resolved in a day or two..
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Thursday, December 23, 2010

BN displaying an ascending triangle at its bottom..

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Wednesday, December 22, 2010

BN, uptrending, is set for 38% retracement to 11862.



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Tuesday, December 21, 2010

BN's attempt to rally sofar has been dismal but continues..but would fail below 11150.



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Monday, December 20, 2010

BN is attempting to rally from oversold condition..


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Saturday, December 18, 2010

Applied Technical Analysis of Stocks.

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Wednesday, December 15, 2010

BN, downtrending, breaking below channel again..

A BULL will label it the following way and look for that explosive 5th wave to start soon.
A BEAR would label the "123" as "ABC" and look for retracements to sell for that dreaded 3rd wave down.


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Tuesday, December 14, 2010

BN likely to face strone resistances with OB readings.



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Monday, December 13, 2010

BN may continue the rally with brief corrections upto 11350.

Follow the trend indicator to have a safe trading.


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BN, being oversold, has commenced a short term bounce holding above 11300.

The resistances are @ 11900-12200 in the coming days if 11300 is held.

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Friday, December 10, 2010

JNSAR Levels for 13th Dec.Monday

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BN, downtrending, may pause @ 10857(200ema) with some +ve div..



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Thursday, December 9, 2010

BN, downtrending, shows short term positive divergences.



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