Investment & Trading Strategies Workshop
Become a skilled trader and make consistent profits. Learn proven, state-of-the-art techniques from Deepak Mohoni. For more details, click here.
The next workshop is at :
| Bangalore | 23 June 2012 | Hotel Taj Gateway |
The workshop timings are from 9:30 AM to 5:30 PM
Long-term Trend : may turn down
Submitted by deepak on 18 May 2012 - 8:40am
 |
The chart on the left shows the sensex between Jan 2 and May 18. The points marked "T" are intermediate tops, while those marked "B" are intermediate bottoms. The dashed line in the centre of the chart is the 200-day moving average of the sensex. |
Our market's long-term (major) trend is threatened, with the indices falling to 4-month lows and going below their 200-day averages. Over 40% of the Hotline stocks have reached 3-month lows in this fall. A continuing rise in this figure would also suggest that the bull market proved to be a short-lived one, ending on Feb 22 at 18,524 (sensex).
Intermediate Trend : downtrend still on
Submitted by deepak on 18 May 2012 - 8:36am
 |
The chart on the left shows the nifty between Jan 2 and May 18. The points marked "T" are intermediate tops, while those marked "B" are intermediate bottoms. The dashed line in the centre of the chart is the 200-day moving average of the nifty. |
The market is in an intermediate downtrend that started on April 19 when the index topped out at 17,530.
