Previous Week Candle stick : Bearish Harami Candle
Weekly Range: 8460.30- 8340.95
Range of previous three week from the start of rally as follows
- Week-1( 25-12-16) : 303.2
- Week-2 (01-01-17) : 173.05
- Week-3 (08-01-17): 233.30
- Week-4 (15-01-17): 119.35- smaller range from the previous 3 weeks, making it NR4 candle. ( Breakout in any direction , could start a trending rally again)
Above 8460, index may see 8520 levels in no time, so stay alert.
or
Below 8340, index may see 8300, 8275, 8250.
No comments:
Post a Comment