GATI LTD DAILY CHART :
CONSOLIDATION: GATI HAS BEEN CONSOLIDATING FOR LAST 2 MONTHS IN RANGE WHICH IS GETTING NARROWER BY THE DAY
VOLUMES : VOLUMES HAVE DRIED UP IN THIS MONTH UP-TILL NOW
COLGATE DAILY CHART
MOVING AVERAGES : COLGATE HAS TAKEN SUPPORT AT 100(SMA) WHICH IS ALSO THE TRENDLINE SUPPORT AT 840 .
100 (EMA) SUPPORT IS AT 827
SUPPORT & RESISTANCE :
COLGATE HAS SUPPORT AT 840 , 835 , 825
COLGATE HAS RESISTANCE AT 870 , 881, 892
COLGATE DAILY CHART
TRENDLINE SUPPORT : COLGATE HAS BEEN UNDER PERFORMING IN THIS RECENT RALLY AND THUS HAS TAKEN SUPPORT AT TRENDLINE AT AROUND Rs 840 AS SHOWN ABOVE
VOLUMES: VOLUMES HAVE INCREASED SINCE THE START OF THIS MONTH COMPARED TO PREVIOUS MONTH
Sorry for not updating the blog as was busy with an important project .
WEEKEND EDITION
QUARTERLY CHART :
WEEKEND EDITION
NIFTY WEEKLY CHART
RESISTANCE: "5677" IS AN IMPORTANT LEVEL FOR NIFTY WHERE IT WILL FACE RESISTANCE
THE ABOVE HORIZONTAL LINE IS A CLASSIC EXAMPLE OF SUPPORT BECOMING RESISTANCE WHEN INDEX STARTS TO MOVE UP
WEEKEND EDITION
NIFTY DAILY CHART :
FIBO LEVELS: IF WE TAKE THE RECENT FALL IN THE NIFTY FROM 5550 TO 5348 AND CALCULATE THE FIBO LEVELS , WE ARRIVE AT VERY IMPORTANT LEVELS WHERE NIFTY WILL FACE RESISTANCE
AT 161.8% RETRACEMENT OF THE ABOVE MENTIONED LEVELS COMES AT 5675 WHICH WILL ACT AS STRONG RESISTANCE