Inverse head and shoulder is seen in reliance 5 min chart, move above 1971 could take it to 2048, but it could face resistance at 2017.
*********************************************************************************
Nifty moving in rectangle since morning , breakout on either side with volume would give 37 points.
********************************************************************************
Target reached on upside.
**********************************************************************************
Rising wedge in renuka broke with volumes which could take it to 127.
Hi..Renu,
ReplyDeleteMost of your intra posts are very very useful. Stay on course. It is worth millions in the long run.
I'm glad I came across yours and Doji's blogs through "SS's"..
Best regards.
ilango
Hi,
ReplyDeleteSpx close below 935 = 893.04(-28.19)
Something new today near of target very short term.
Below 908 I expect [880,893] very short term.
Below 935 I expect [790,820] medium term.
Remember two possibles scenarios:
Dont`t break range [880,893] and we have a pullback again between [935-921].
Break range [880,893] and we will see soon 850.
If spx close hourly above 908 I have to reduce some short.
Tomorrow resistance Hourly [908,904]. Macd with new sell signal.
Read more...
http://followmarketrend.blogspot.com/
ilango ji,
ReplyDeletethanks for words of encouragment, it really feels nice to know that you visit my blog.