May 20, 2013

ITC Chart analysis

  • Support in daily chart is seen at 332 levels.
  • Daily MACD shows a sell signal But price has to close below 20 SMA for a bigger fall to happen. Taking support at 20 SMA may lead to an up move.
  • Below 332 next support level is at 38.2% Fib level.
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1 comment:

  1. Markets Quantified
    NIFTY 20-May-2013
    Current Market Situation :

    NIFTY current close : 6157
    NIFTY resistance level : 6158
    NIFTY support level : 5912
    NIFTY sentiment : positive
    NIFTY dominant cycle period : 12 days


    Levels Tomorrow :

    NIFTY intraday resistance 1 : 6183
    NIFTY intraday resistance 2 : 6212
    NIFTY intraday resistance 3 : 6255

    NIFTY intraday support 1 : 6131
    NIFTY intraday support 2 : 6101
    NIFTY intraday support 3 : 6058
    Markets Quantified

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