IVRCL 18.02.10

IVRCL DAILY CHART :

CONSOLIDATION : IVRCL HAS BEN CONSOLIDATING FOR PAST ONE MONTH WITH RANGE GETTING NARROW AND NARROWER

BEARKOUT ? : IVRCL MAY MOVE OUT OF THE RANGE WITH BREAK ON THE UPSIDE OR DOWNSIDE .

VOLUMES : VOLUME HAS BEEN DECLINING IS THIS CONSOLIDATING PHASE TO THE STOCK

IN ODER TO BREAK THIS RANGE EITHER WAY, VOLUMES WOULD PLAY A VITAL ROLE TO DECIDE THE CONVICTION OF BREAKOUT OR BREAKDOWN

IVRCL WOULD FACE RESISTANCE AT 334 (PINK LINE) AND HAS SUPPORT AT 294

NIFTY DAILY 17.02.10

NIFTY DAILY CHART

RETRACEMENT: NIFTY HAS REACHED 50% OF ENTIRE RALLY FROM 4538 TO 5310

THUS NIFTY FACED RESISTANCE AT 4925.

NIFTY HAS STRONG RESISTANCE AT 4950 (PINK LINE) AND 4995 IN COMING DAYS

NIFTY HAS GOOD SUPPORT AT 4845 & 4830

NIFTY FUTURE 17.02.10

NIFTY FUT 5 DAY 15 MIN:

MACD(MOVING AVERAGE CONVERGENCE DIVERGENCE):


GO SHORT: WHEN NF WAS AT 4922 SHORT SIGNAL WAS GIVEN WHEN MACD SIGNAL LINE GAVE A NEGATIVE CROSSOVER AFTER WHICH IT MADE A LOW OF 4878 AND CLOSED AT 4902

NIFTY FUTURE 16.02.10

NIFTY FUT 5 DAY 15 MIN:

SYMMETRICAL TRIANGLE :

NIFTY FUTURE GAVE GOOD BREAK OUT FROM THE CONSOLIDATION OF LAST 2 DAYS

SYMMETRICAL TRIANGLE BREAKOUT WAS GIVEN AT 4805 AFTER WHICH NF MADE HIGH OF 4893