Friday, October 14, 2011
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Technical Analysis of Stocks @ a critical juncture.
Stocks have more or less achieved their minimum targets.
Tata Steel is showing +ve div with "near" completion of a 5 waves.
IcicBank has reached the lower range of its Mid consolidation range of 775 to 1000 offering good trading moves.
Infosys is reaching overbought levels but yet to signal a reversal.
RIL, after a weekly reversal & a rally, has now pulled back & rallied again to close above 50sma.
SBI poised for a reversal...If stays above its DLEma.
Week/ Month are yet to show a reversal.
Aggressive traders may attempt longs based on ST signals.
D
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