Monday, October 13, 2014

Technicals suggest of continuing downtrend..till below 50dsma.

Prices have closed below WLEma & if kept below 50dsma(7913) or WEma(7943), downward momentum would take prices to MEma(7645)
Weekly trend asserted itself to take the prices below WLEma..
As the chart below suggests, prices are most likely to reach the weekly channel bottom..
ST strength returns above Wk.pivot(7883) initially & then above the critical MT average 50dsma(7913).

13 comments:

DNSHUKLA said...

Good Mng Sir and Friends.

Nilesh Patil said...

Good Morning Master & Friends

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

amber said...

Guru ji charan vandan

Magesh Waran said...

good morning illango sir & blogmets

D.S.SASAN said...

Good Morning Dear Sir, Bros. & Sis's,

Have A Happy Day.

Asha said...

Good morning Ilango Sir and all the blog mates

Ganesh IC said...

Good Morning Sir & JN family

Prabhanshu Raman said...

GM Sir and friends

5 waves done at 7796 from 7924?
+ww triggered at 7805??

gs said...

good morning master and blogmates

marina s rao said...

Namasthe Master & Blogmates.

Wish all Long life, Good Health, Peace & Wealth.

kumar k said...

every year people wait for diwali rally but markets used disappoint

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