February 15, 2016

  • 15 Minutes chart trying to do a trending move above the cloud. If successful the bounce may extend towards the resistance zone shown in weekly chart.

  • SBI Week shows price at crucial support zone. 
  • Month chart shows a bigger bearish possibility But for this one to happen 145 needs to break. If price sustains above 145 a bounce back towards 210 - 230 levels is possible.
  • One hour chart shows the sharp reversal. Bulls needs to stay above hourly cloud for a bigger up move to follow.


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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