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.



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"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