Retracement strategy, a must for traders.
1 week ago
Friday, December 2, 2011
Thursday, December 1, 2011
BN, holding above DLEma, is all set for the next part of the upmove.
9077(50%) & 9276(61.8%) are the likely targets.
Wednesday, November 30, 2011
BN, having rallied for 3 days, has come off the highs.
50 points below DLEma would turn it weak.
Weak retracement of yesterday's fall would turn it weak.
Mild strength returns above 8615 & 8750.
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Weak retracement of yesterday's fall would turn it weak.
Mild strength returns above 8615 & 8750.
Tuesday, November 29, 2011
BN, reversed in the ST, may continue move higher if 8640 holds; has its resistance at prev. lows of 8918.
Monday, November 28, 2011
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.
Continue Reading...
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.
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