madhavan_sridharan

madhavan_sridharan

Monthly Chart of Nifty.. heading higher possibly. The highs retraced but stayed above the previous high and made another dash to the high followed by a dip (Higher low perhaps) then went to make a fresh high. from 6k and then from 9k a similar play is being carried out. Let's see how this take us forward

madhavan_sridharan Updated 

If you see on monthly, nifty has managed to stay above the clound way back from 2006. Except for a brief period in 2006, Chikou, a lagging indicator has stayed above or close to the price. Hindsight provides lot of information.. but for now looks to be in strong hands.. continue to look for a weak close on monthly for bearish outlook

madhavan_sridharan

Are we looking at another escorts in the making

madhavan_sridharan

A break above can take it back to 384 levels.. lets see

madhavan_sridharan

Will it or wont it

madhavan_sridharan

on watchlist - is this sector out of woods or more trouble in store??

madhavan_sridharan

A consolidation and a possible triangle BO..