- Dow jones daily chart is shown with the resistance area of 12000 - 12300.
- Bulls are about to clear this level. Price has made a fast rise from the recent fall. Earlier price took support at the base of Ichimoku cloud as shown in the chart.
- If price closes above 12300 the upward momentum will gather momentum.
- Failing to clear this level on closing basis will favor bears.
March 28, 2011
- Line chart of bank nifty daily chart shows price moving up after breaking a resistance area.
- Price has made a successful close above 200 day moving average. Now bulls has to follows up.
- Third chart shows Three Occasions of price closing above 200 dma and failing to move up further. A higher close today for BN will extend gains up to 11600 levels. If 200 dma gets broken by the bears things will become Negative for BN again.
- DLF CHART ANALYSIS