August 2, 2012

NIFTY Chart analysis

  • Price is trying for a weekly cloud breakout. Recent attempts to sustain above the cloud has failed.
  • MACD is getting ready for a buy signal. But the GAP near 78.6% Fib level may act as resistance.
  • For  a bigger up move a weekly close above the levels shown in last chart is needed.
  • GOLD FALSE BREAKOUT
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1 comment:

  1. madamuniramaiahAugust 2, 2012 at 8:11 AM

    GOOD MORNING YOU SIR.
    Always i will look into your updates Because it helpfull for peoplelike me, who doesnt know about technicals correctly. ONCE AGAIN THANKS.

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