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| Nifty 50 - End of Month (EOM) Chart - Channel analyzing Data from 2008 onward - as on 17 May'13 |
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| Nifty 50 - End of Week (EOW) Chart - Channel analyzing Data from End 2011 onward - as on 17 May'13 |
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| Nifty 50 - End of Day (EOD) Chart - Channel analyzing Data from Nov' 2012, onward - as on 17 May'13 |
Learning from the Past Week: (click here for the post)
Bulls bounce back from a fall early last week with the 13 SMA providing support #5.
Bullish Cross of the 5 EMA and 13 SMA, on the EOW & EOD stays #3.
Bullish Cross of the 5 EMA and 13 SMA, on the EOW & EOD stays #3.
Position of the STS on the EOW, gave the Bulls support #4.
The Bulls rule all 3 screens.
MACD moves up while its histogram tick down #4.
Volume diverges in the medium term #6.
The short fuse indicator continues May in the oversold #2.
Bulls build on their gains keeping at a high rate of climb #5.
Looking Forward into the next Week:
Bears desperate for a red week #3.
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..
Volume divergence a ray of hope for bears #6.
Bulls seek newer highs while Bears hope the Volume divergence #4 would lead to price pause and fall.
