July 4, 2013

NIFTY Chart update

  • Weekly bullish Engulfing pattern of last week is not getting enough support so far. Bulls need price to stay above or near 5 Week Highe EMA For keeping this pattern effective.
  • More weakness for bulls if day's starts to trade below 20 Day SMA as shown in last chart.
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2 comments:

  1. DebdeepJuly 4, 2013 at 8:30 AM

    Nice analysis as always.

    ReplyDelete
  2. abhayJuly 4, 2013 at 8:53 AM

    nice analysis. I am silent observer of ur blog. Keep it up
    regards
    Abhay

    ReplyDelete

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