CMP: 5360
Candles :
1. EOD was a big 100 + pts Gap-up (to the delight of Kalyani i hope ;-D )
2. But price failed to maintain & resisted @ 5420 (refer prev post for RES zones)
3. VOLS very low again today.. smells of a CORRECTIVE
4. ADI seconds the obsv with falling below 25% levels, for 1st time since Jan'12 (pls note though, that nothing's written in stone as far as M.indicators go :-)
OBSV FOR SMO SAR :
1. Price Closed < 5DHEMA (@ 5372
2. 5DEMA (close price) is < 10DEMA (close price) , = CORRECTIVE in PLAY
SMO SAR VERDICT :
Still waiting for 5-10DEMA BULL x-over, to initiate LONG TRADE.
(ruffly @ close above 5369-5380)
cheers
Candles :
1. EOD was a big 100 + pts Gap-up (to the delight of Kalyani i hope ;-D )
2. But price failed to maintain & resisted @ 5420 (refer prev post for RES zones)
3. VOLS very low again today.. smells of a CORRECTIVE
4. ADI seconds the obsv with falling below 25% levels, for 1st time since Jan'12 (pls note though, that nothing's written in stone as far as M.indicators go :-)
OBSV FOR SMO SAR :
1. Price Closed < 5DHEMA (@ 5372
2. 5DEMA (close price) is < 10DEMA (close price) , = CORRECTIVE in PLAY
SMO SAR VERDICT :
Still waiting for 5-10DEMA BULL x-over, to initiate LONG TRADE.
(ruffly @ close above 5369-5380)
cheers
cheerssssss
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