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Sunday, July 3, 2011

Weekly anal-ysis NIFTY

Many are saying that we may break  declining resistance line to see new highs. Well anything may happen. But i think we will see some good correction . Weekly below . Whenever STOCHASTICS(5,3) is overbought , we have seen nice SELL_OFFs . We are very near to that level now .

 In the SHORT TERM , i was able to find DIVERGENCE in the 90 minute chart { CCI(50)}.

In the daily chart this one DIVERGENCE that i was able to SPOT in RSI(14).

I will depend on ELLIOT WAVES as little as possible . Though its important , but from here on more of CLASSICAL TA.


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