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| Nifty 50 - End of Month (EOM) Chart - Channel analyzing Data from 2008 onward - as on 03 May'13 |
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| Nifty 50 - End of Week (EOW) Chart - Channel analyzing Data from Mid 2011 onward - as on 03 May'13 |
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| Nifty 50 - End of Day (EOD) Chart - Channel analyzing Data from Nov' 2012, onward - as on 03 May'13 |
Learning from the Past Week: (click here for the post)
Bulls clear the 76.4% Fibonacci retrace of the Jan'12 low to All time high #5..
Strong Close for April drowns the Three Outside Down #1.
Bullish Cross of the 5 EMA and 13 SMA, on the EOW happens #3.
Strong Close for April drowns the Three Outside Down #1.
Bullish Cross of the 5 EMA and 13 SMA, on the EOW happens #3.
Position of the STS on the EOW, gave the Bulls support #4.
The Bulls take over all screens.
MACD moves up while its histogram tick flat #6.
The short fuse indicator starts May with a move into the oversold #2.
Bulls build on their gains with a Bullish Cross of the 5 EMA and 13 SMA on the medium term Screen #3 .
Looking Forward into the next Week:
Getting below the 76.4% Fibonacci retrace of the Jan'12 low to All time high #5, is important for the Bears to stay in the fight.
Bearish Cross of the 5 EMA and 13 SMA to be watched for #5.
Bulls look to stay above the 76.4% Fibonacci retrace of the Jan'12 low to All time high #5.
50 SMA and 200 SMA, convergence towards a death cross to be watched #5.
Red EOW channel Top, next target for Bulls #3..
Throw back to Day channel's red top a possibility for Bears to hope for #5.
Throw back to Day channel's red top a possibility for Bears to hope for #5.
Bulls seek new highs while Bears hope for a throwback to the Day Channel Top.
