Quotes with Resistance & Support
Market Information

Weekly Review for the Week April 13th – 17th April 2009

This article was posted on Apr 12, 2009 and is filed under Market Outlook

We said ‘Technically the trend is still intact up and our target of 10708 stands valid and if the momentum continues then I would not be surprised if the market proceeds up towards the next technical target of 11295 in the days to come’.

The market unfolded as expected moving up and achieving our target of 10708 and proceeding towards our extended technical target of 11295

Technically the trend is still intact up and our target of 11295 still stands valid with some hiccups on the way up as the upside momentum seems to have reduced and indictors are in stretched mode nevertheless the up trend is still intact up.

The supports are at 10470 and resistance to the up move is at 11113-11295

The supports on the way down are at 3240 and resistances on the way up are at 3391-3451-3527

From a trading point of view I would stay long with close trailing stops to protect profits

source: Prakash Gaba

Tags: , , , , , , ,

Similar Posts:


+ve 30 DMA    50 DMA    150 DMA    200 DMA
-ve 30 DMA    50 DMA    150 DMA    200 DMA

Latest Query

Samrudhiglobal.com wishing you and your friends and family Advance xmas and Happy New year...view more »
- by Sam
Status: Awaiting reply

Market Stats

Search Our Archives

Latest Investment Idea

Recent Comments