LOOK AT CHARTS.
AS EXPECTED WE GOT RESISTED IN 17300/17800 AREA AND CORRECTED .WE R NOW POISED AT CRITICAL JUNCTURE AGAIN. WE R JUST ON TRENDLINE RUNNING FROM MARCH LOWS. WE HAVE BOUNCED NO OF TIMES SO FAR. WILL WE SURVIVE THIS TIME?
ONE MORE SUPPORT IS AT TRIANGLE CONSOLIDATION UPPER TRENDLINE.
***************************************************************************
UPDATE AT 4.13 P.M.
WE HAVE BROKEN TRENDLINE RUNNING FROM MARCH LOWS AND WE SAW SELL OFF. TODAY'S LOW AT 16721 IS ON PURPLE TRENDLINE I HAD SHOWN IN CHART AND WE HAVE TAKEN SUPPORT THERE.IT IS UPPER TRENDLINE OF TRIANGLE CONSOLIDATION.WE MAY SEE A SMALL BOUNCE FROM HERE WHICH CAN BE USED FOR SELLING.
Hello Pankaji
ReplyDeleteCan you pls update ur analysis
Regards
Amish Desai
Hi..Pankaj,
ReplyDeleteThis time is different as there are quite many negative divergences in daily, weekly. Upmove looks quite matured & ready for a deeper correction.
Larger time frame channel break has significance. Big money respects them. So should we.
Best regards.
ilango