Tuesday, June 23, 2009

Intraday post


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.
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Nifty moving in rectangle since morning , breakout on either side with volume would give 37 points.
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Target reached on upside.
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Rising wedge in renuka broke with volumes which could take it to 127.

3 comments:

  1. Hi..Renu,

    Most 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

    ReplyDelete
  2. Hi,

    Spx 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/

    ReplyDelete
  3. ilango ji,

    thanks for words of encouragment, it really feels nice to know that you visit my blog.

    ReplyDelete