August 28, 2012

ES Support and resistance lines

  • ES Daily chart with price inside a channel. Price is trading near the upper side of the channel.
  • Closing the day below 20 SMA could extend the call.
  • 4 Hour chart shows crucial support and resistance lines which has to be broken for a bigger move to happen. 


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1 comment:

  1. Swami ShivkumaarAugust 29, 2012 at 9:40 AM

    DEAR SAN,
    THANKS FOR YOUR FEEDBACK ON HINDALCO AND DLF. IF POSSIBLE PLEASE SUGGEST YOUR VIEW ON TATASTEEL. INTERESTINGLY SOME OUT OF THE MONEY PUTS ARE GETTING ACCUMULATED FOR SEPTEMBER

    Thanks and regards

    Sivakumar

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