As DOW said market had THREE Phaces :- ACUMLATION PHASE means where Astute Traders buy ,PUBLIC PARTICIPATION PHACE where TREND FOLLOWERS buy & DISTRIBUTION PHASE where normal peoples(BEGGINERS) Ifluence by POSITIVE News about Economy
Reliance daily chart Fibbo level .23% It may take an support here . Because the volumes are below average on monthly ! Lets see where it goes.
It continues to take support on any dip near its Kijun (Ichimoku Analysis) support regularly making higher highs and higher lows. This time too its attempting a resumption of trend which might take it to 1475 / 1525 if it manages to hold above 1375 on hourly basis. Ichimoku is a Japanese study based on Moving Averages wherein the alignment of certain specific ones...
Maruti given a flag pattern BO in last trading session with good volume. If sustained over 7130, Buy can be initiated and there are several hurdles like marked in the chart. Sl to be maintained below 6970.
ICICIPRULI - AT STRONG SUPPORT OF TRENDLINE AS WELL AS SUPPORT ZONE
IBULLHSG WILL GIVE BIG RETURNS FOR SURE EXPECT BIG MOVE AFTER BREAKOUT AND PULLBACK
HDFC LIFE MAY NOT BREAK ITS SUPPORT OF 550 CAN WITNESS GOOD UPSIDE