January 31, 2013

CISCO Overbought Weekly RSI

  • CISCO Weekly chart shows a possible double top pattern pending confirmation. 
  • Weekly RSI is at overbought zone. Last two times price has given good correction from overbought zone. 
  • Daily chart shows price breaking an up trend line and closing below 20 Day SMA. Sustaining below these levels may extend correction towards 50 SMA for a bigger fall price must break below 50 Day SMA.
  • RIMM SUPPORT LEVELS
-->
By at

1 comment:

  1. UnknownJanuary 31, 2013 at 6:45 PM

    NIFTY 31-Jan-2013
    Current Market Situation :

    NIFTY current close : 6035
    NIFTY resistance level : 6158
    NIFTY support level : 5912
    NIFTY sentiment : positive
    NIFTY dominant cycle period : 18 days


    Levels Tomorrow :

    NIFTY intraday resistance 1 : 6060
    NIFTY intraday resistance 2 : 6089
    NIFTY intraday resistance 3 : 6131

    NIFTY intraday support 1 : 6009
    NIFTY intraday support 2 : 5980
    NIFTY intraday support 3 : 5938

    for more log onto
    http://marketsquantified.blogspot.in

    ReplyDelete

Subscribe to: Post Comments (Atom)