August 13, 2013
- Daily chart is trying to move up from a bullish engulfing pattern. Weakness on price falling back below 5557 levels.
- Bullishness can only be confirmed on price closing above 5 Week High EMA.
- last chart shows crucial support level in weekly chart. Bigger weakness only on price closing the week below 100 WSMA.
All the contents of niftychartsandpatterns are for educational purposes only and are not Investment Advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures. Niftychartsandpatterns shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial or investment adviser before acting on any of the Ideas in this blog.