LOOK AT COPARISION OF OIL INDIA WITH PEER COMPANIES
Tuesday, September 8, 2009
Fwd: 5 DAY CHART
LOOK AT CHART ATTACHED
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UPDATE AT 12.33 PM
RSI TRENDLINE HAS GIVEN SUPPORT AND WE ARE OBSERVING BOUNCE EXACTLY FROM THERE. WAIT FOR BREAK OF IT FOR DOWN MOVES
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MARKET BROKE RSI SUPPORT LINE AND ON BREAK OF IT WE LOST APPRX 150 POINTS FROM TOP IN FEW MINS
QUOTE FROM BLOG OF SUDARSHAN SUKHANI
Market is bigger than any analysis ( including yours! ) ; The trend is intact until it is broken ( i.e. do not anticipate end of a trend); Focus on following a disciplined strategy rather than focusing on making the correct call as that is what works in trading."
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