I am not a certified analyst. The charts shown and the content in the blog are for educational purpose only and in no way is a buy or sell recommendation. Readers are advised to use discretion.

Thursday 28 January 2016

A look at Medium Term View of NF

Just have a glance on the Zoomed out chart of NF - 5 min..
Long term trend is Down (and my long term is lesser than a Month!) & Medium Term Trend is UP. 
A range is forming from last 2 days with Lower highs..
Mkt at Long term DP. If this broken tomorrow.. I will be glad as i am still owning my positionals.. at average price of  7420 NF, SL at 7545, which should decrease tomorrow hopefully..

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2 comments:

  1. nirtos28 January 2016 at 23:10

    hi
    I think it is flag in hourly, should take upside breakout by tom or monday with bof of range low.

    ReplyDelete
    Replies
    1. Deven Malhotra29 January 2016 at 08:17

      May be possible, market is directionless and may form a direction today..
      Let's see..

      Delete

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