June 25, 2015

  • Bidu testing the falling resistance line. Price is also closing in on 200 Day SMA.
  • Stock will stay bearish below 200 Levels. Hope for bulls only if price sustains above 200 Day SMA.

  • Nifty shows first signs of weakness at 200 Day SMA. Bears need a close below 8334 which is the 2 day low to extend weakness. Bulls will continue the up move above 8421 towards the 8500 resistance zone shown in last chart.


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.


Blog Archive

Powered by Blogger.

My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore