GANN FANN Charts drawn between the 2003 low and 2006 High. GANN FAN charts
shows a breakout above 900 and 1380 levels followed by hitting near the resistance region
1765. Now Gann Supports comes near 1400 levels. As the recent trend is steeper possibly a consolidation to downturn is expected in medium term. Failure to hold 1400 possibly target the next immediate support level of Rs 1000
Related Readings and Observations
Show No Mercy to IDFC CMP : Rs 92.50 IDFC showing a selling pattern from 30 min charts. Supports at 88 below that 75 and 70 are the targets. I would recommed to go short in […]- Nifty hourly charts for 12th Oct 2010 Hourly Ichimoku charts of nifty maintains the sell mode for the third continuous day with hourly cloud resistance near 6159. Wait for the Buy Signal to trade long(i.e a hourly close above 6159).
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