My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
Hi San,Trend line broken, can we expect new low(breach below 5000?) in nifty.Thanks.Ganesh.
Hai GaneshBreach of 5000 will lead us to 4951. If that does not hold then new lows are possible.But first we have good support above 5000 itself. So a breach of 5000 may not come today.
A Breach of 5024 the 20 hour sma and an hourly close below it will take us below 5000.
Thanks San,wait for to take positional holdings..
Hi San,
ReplyDeleteTrend line broken, can we expect new low(breach below 5000?) in nifty.
Thanks.
Ganesh.
Hai Ganesh
ReplyDeleteBreach of 5000 will lead us to 4951. If that does not hold then new lows are possible.
But first we have good support above 5000 itself. So a breach of 5000 may not come today.
A Breach of 5024 the 20 hour sma and an hourly close below it will take us below 5000.
ReplyDeleteThanks San,
ReplyDeletewait for to take positional holdings..