July 3, 2011

  • Weekly charts shows Bullish medium term out look.
  • But the Volume and overbought stochastic is showing some hope for bears only if price confirms by showing some negative price action. 
  • Price is expected to hit the upper Bollinger band in weekly time frame soon. A minor hurdle at around 12658 if price sustains above this level price will hit the upper Bollinger band.


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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