Saturday, May 31, 2008
SENSEX TODAY
BSE_mon
Sensex may open with gap up and a positive closeing is expected.
Today’s levles 16450_16600_16760
Homing pigeon (sign,able guide itself to target)
Reversal pattern with moderate reliability
Psychology behind the candle is that,in a downtrend or within a pullback of an uptrend, a long black body occurs. The next day’s gap up comes as a surprise to the shorts but the stock gives some of its gap up back causing the candle to be filled in. This relaxes the bears and worries the bulls, and this is the exact formula needed for a possible bounce. Next days up move will confirm the acceptance.
Homing pigeon (sign,able guide itself to target)
Reversal pattern with moderate reliability
Psychology behind the candle is that,in a downtrend or within a pullback of an uptrend, a long black body occurs. The next day’s gap up comes as a surprise to the shorts but the stock gives some of its gap up back causing the candle to be filled in. This relaxes the bears and worries the bulls, and this is the exact formula needed for a possible bounce. Next days up move will confirm the acceptance.
Friday, May 30, 2008
SOBHA DEVELOPERS
SOBHA DEVOLEPERS
HARAMI APPEARED AT THE BOTOM OF AFALLING WEDGE.
TARGET: 575_750 _900
SL: (- 5% OF CMP) = 475
BSE_FRI
Sensex may open flat and go down to 16050 lvl
Before recovering the days loss
A positive closing is expected
The index will remain between 17000 to 16000 awaiting a break out,
Most probably down to 15300
Today’s expected levels are 16050_16120_16250 & 16400
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