December 14, 2013
- Daily chart is approaching crucial support levels like 23.6% Fib level and 50 Day SMA.
- Daily chart With MACD shows price correction after negative divergence. Weekly indicators too is starting to turn down with Negative price action.
- So if price starts to trade below 50 Day SMA, Bigger correction is possible.
- RELIANCE INFRA Weekly Resistance line
- TATA MOTORS WEEKLY RESISTANCE LINE
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.