October 27, 2010

CNX IT - Effect of a bearish candle

DAILY CHART
FIBONACCI LEVELS
  • CNX - IT with the big bearish candle the effects of which are still not over.
  • Retrace was resisted exactly at the 50% level.
  • Only if price is able to close well into the top part of the bearish candle index will be able to make progress.
  • NIFTY DAILY ANALYSIS

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