My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
May 22, 2014
NIFTY Intraday update
- 5 Minutes chart shows trending move favoring bulls.
- 15 Minutes and 4 hour chart shows possible resistance levels for the up move.
- Bears need to break the 5 Minutes trend line for a possible reversal to happen
TCS Chart analysis
- TCS Trying to move back above its 200 Day SMA.
- Price did not break below the weekly support zone between 1970 - 2011.
- Price also took support near the weekly cloud.
- Bullish for the stock if price is able to close above 200 SMA again. Bearish only on closing below 1970 levels.
- INFOSYS DEATH CROSS AND SUPPORT ZONE
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