sensex two channels as on 17.05.2012

chart attached

75 % correction completed of last rise from 15135 to 18524

we have completed 75 % correction of last rise from low of 15135 to 18524 ( 3389 points ) at yesterday's low of 15975.

sensex is highly over sold. showing +ve divergence in daily rsi (5) chart.we are correcting since 13 weeks from top of 18524.

of course, sentiment as well as parameters around us either domestic or internationally are weak, but they might have been discounted in current prices.

in first up move from 15135 to 16049 , highest closing was 15970. yesterday we have closed at 16030 after making intra day low of 15975.this closing is just above 15970.

we may see a pull back from here.on closing below 15970 this view will be negated.

--
THE SHORTEST WAY TO DO MANY THINGS IS ................

TO DO ONE THING AT A TIME ..................................

TORRENT POWER CMP 203

torrent power has shown good bounce today . decisive close above 205 will strengthen the stock.move below 195 will negate this bullish view.

BIOCON CMP 239.

BIOCON is correcting from top of 465 and has corrected up to 225 which is apprx 62% retracement of previous up move.

+ ve divergence is seen in daily as well as weekly charts in rsi.in current side ways and boring market stock can be added with stop loss on closing basis below 225 .

on closing above 250/260 zone it will become more stronger.

10.37 am 

28.04.2012

Happy New Year

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all the best !

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DARUWALA SEES SENSEX AT 20K IN APRIL - SEPT 2013

Bejan Daruwala, Astrologer is upbeat on India. According to his crystal ball gazing India is likely to be right at the top soon.

Continuing his bullish outlook, Daruwala sees SENSEX  to be at 20000 in between April and September. He says that the avenues of progress is likely to be in hotel, food, chemicals, agriculture, oil and cosmetics.

"Here are the avenues of progress, expansion, growth, demand, supply and finally profit. So again I say it starts around December, a 20,000 Sensex between April to September next year. Again finally and this is very exciting, India for all her corruption is on her way to the top because of this. This is context, communication, IT, correspondence. So believe me and I am 81, an professor of English and every time I come here and I was on the financial times also, India slowly surely will come right on top," Daruwala says in an CNBC-TV18's special show Mahurat Trading.

http://www.moneycontrol.com/video/market-outlook/star-gazing-daruwala-sees-sensex-at-20kapr-sept-fy13_606071.html?utm_source=Article_Vid

HAPPY DIWALI : SENSEX AS ON 25.10.2011

HAPPY DIWALI !

COMMENTS ON CHART .

Pankaj Shah

sensex monthly chart as on 13.10.2011

comments on chart.

sensex monthly chart as on 16.9.2011

comments on chart.