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).

12 comments:

DNSHUKLA said...

Good Mng Sir and Friends.

Nilesh Patil said...

Good Morning Master & Friends

amber said...

Guru ji charan vandan

AngelOne Chennai 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

Unknown said...

Good Morning Sir & JN family

Capgainers 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.

Ilango said...

New Post Done.

Unknown said...

every year people wait for diwali rally but markets used disappoint

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