April 19, 2010

ACC MONTH CHART 1
ACC MONTH CHART 2
ACC WEEK CHART
ACC DAY CHART
  • ACC month chart showing the formation of a triangle and a channel
  • Break and close below 928 can bring the stock down to the channel bottom line that is around 830 levels.
  • If the stock holds 930 levels without breaking the trend line it can attempt 955 and 985
  • FORCE INDEX is showing very good positive divergence indicating good upside possibilities.
UPDATED CHART
ONE MINUTE CHART
  • Sometimes even the smallest time frame can give you some points.
NIFTY WEEK CHART - 1
NIFTY WEEK CHART - 2

NIFTY WEEK CHART - 3

  • Weekly stochastic has given a sell
  • It coincides with the weekly trend line break. And as you can see from the charts this even has given a good trade on the short side last 2 times.
  • supports might come only around 4950-5000.

Disclaimer

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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore