So the anticipated downmove materialized .
To recall my yesterday's main Chart:
.png)
Today's Update:
.png)
Now does it mean that we have started on a long downward journey indicated by following Channel:(Linear Chart-Daily)
.png)
Though the Daily Log-Chart shows that Channel top is a bit far as yet ( but donot miss the Negative Divergence that is already making its presence felt):
.png)
And a major fall starting without a signifant news trigger is all the more less likely.(Will RBI policy on 29.1.2013 be that trigger???)
As mentioned in one of the Charts yesterday, another leg-up above 6101 is quite probable if we go by following labels:
Posted Yesterday:
.png)
Today's Update:
.png)
And if indeed it has to bounce than one of the median in following Chart can provide that support( if not the yellow Trendline joining 5940 & 5989 where it rested on close today):
.png)
To recall my yesterday's main Chart:
.png)
.png)
Now does it mean that we have started on a long downward journey indicated by following Channel:(Linear Chart-Daily)
.png)
.png)
And a major fall starting without a signifant news trigger is all the more less likely.(Will RBI policy on 29.1.2013 be that trigger???)
As mentioned in one of the Charts yesterday, another leg-up above 6101 is quite probable if we go by following labels:
Posted Yesterday:
.png)
.png)
.png)
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