April 1, 2015
- Bidu daily has a Death cross But price is also testing the Weekly up trend line. Hint of the next direction may lie in the Range shown in the last chart. The range between 202 and 219. Bigger move is possible once this range gets resolved on closing basis.
- close below 202 then 194 and lower levels are possible. Close above 219 stock may move above 240 levels again.
- Nifty testing its 100 SMA again. For now its showing weakness at this level.
- 2nd chart shows price moving back into the broadening pattern after a breakdown. The low made during last week is crucial. Bears need this level (8269) to broke again for bigger downfalls to happen.
- Weekly chart shows a possible inside candlestick formation. Previous high and low of the weekly candle is yet to break. closing outside this range may give good direction.
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