3 charts are attached herewith.
as shown in 60 min chart we are still moving in a downward channel and are at upper trend line.
as discussed on 3.12.2010, as shown in monthly chart support at green trend line ( which represents break out sideways
channel) is taken.during last 2 weeks time mid cap n small cap stocks are corrected more in comparison of large cap.
if we see break out from downward channel , long positions can be taken in quality mid cap stocks only. since we are
close to year end, nav lifting exercise as well as dec qtr results may give upmoves in such stocks.
for wave count a link from blog of Ilangoji is attached herewith which shows different options.
FKONCO was recommended
it closed at 109 yesterday.it has corrected from top near 190. its illiuid scrip. patient investors can add it. in daily chart
rsi is showing positive divergence.
