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| Nifty 50 - End of Month (EOM) Chart - Channel analyzing Data from 2008 onward - as on 26 April'13 |
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| Nifty 50 - End of Week (EOW) Chart - Channel analyzing Data from Mid 2011 onward - as on 26 April'13 |
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| Nifty 50 - End of Day (EOD) Chart - Channel analyzing Data from Nov' 2012, onward - as on 26 April'13 |
Learning from the Past Week: (click here for the post)
Bulls head to the 76.4% Fibonacci retrace of the Jan'12 low to All time high #5..
Position of the STS on the EOW, gave the Bulls support #4.
Position of the STS on the EOW, gave the Bulls support #4.
The Bulls take over all screens.
Bulls are stopped by the 76.4% Fibonacci retrace of the Jan'12 low to All time high #5.
MACD and its histogram tick up #6.
The short fuse indicator goes from pointing down, to a sharp up tick #2.
Taking support near the 13 SMA on the Week Charts - Bulls build on their gains of last week #3.
Looking Forward into the next Week:
Getting above the 76.4% Fibonacci retrace of the Jan'12 low to All time high #5, is important for the Bulls to continue the climb.
Bearish Cross of the 5 EMA and 13 SMA to be watched for #5.
Bullish Cross of the 5 EMA and 13 SMA, on the EOW also to be watched for #3.
Bullish Cross of the 5 EMA and 13 SMA, on the EOW also to be watched for #3.
Bulls look to stay above the 13 SMA on the Week Chart #3 - the support for the next week.
50 SMA and 200 SMA, convergence towards a death cross to be watched #5.
50 SMA and 200 SMA, convergence towards a death cross to be watched #5.
On the Day Chart, the 76.4% Fibonacci retrace of the Jan'12 low to All time high #5 is the resistance.
The Three Outside Down's effect #1 is on pause, and one watches the month close for direction on the same.
