These are my personal musings. These are not in any way meant to be trading advise. To view the full chart, right click and open in a new window.It has been some time since I last posted. Some friends did ask me why I have not been posting regularly. It seems redundant to repeat the same thing over and over again. Use dips to buy.
A new short term top indicates that there is enough strength in the market to push it further up. There has been volatile sector rotation because of the news based reactions. Even so, we see earlier resistances being broken with regularity.
More significantly, today a long term supply line has been broken, which was lending psychological levels both for support as well as resistances. This bodes well for the bull market.
The next cycle in time falls on 26 and 29 April. So we may expect some volatility around that time. Keep utilising the dips to buy. Until we see a bearish pattern on the intraday charts.
Plan and trade happy.
2 comments:
"loaded gunn" analysis sirji !!! great going ! ITS doing just as u mentioned !
thanks a pile !
reg
ketan
The market is not doing just as I mentioned, its behaving itself, technically.
I only try and read it.
Dusant
Post a Comment