May 8, 2014

CNX IT Chart analysis



  • Daily chart testing 200 Day SMA.
  • Weekly too looks oversold and is at Lower bollinger band.
  • If the above mentioned levels does not hold the fall can extend towards 38.2% Fib level Shown in chart 2 before a bounce can happen. Bulls must hope for a bullish candle at 200 SMA for a bounce to happen. 
  • NIFTY MIDCAP 50 INDEX AND THOUGHTS ON THE ELECTION RESULTS TRADE
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