Todays Reversals

List if only for Nifty Fifty stocks.

Bullish Engulfs(Bullish):
SUNPHARMA
NATIONALUM

Morning Start Pattern(Bullish):
SBIN
VSNL

RSI OverSold:
GRASIM - Extremly oversold - RSI 18.
HINDLEVER - RSI 20.90
JETAIRWAYS - RSI 25.12

Hope this is helpful to all...

Regards

the bullish engufings are ok but if ur talkin of Morning Star ( not morning start) then ur mistaken becs they are not Morning star pattern.

http://www.4shared.com/file/4354458/6a14a516/17_money_making_candlestick_formations.html?s=1
book by Nison.


Thanks

hi all

Is Sunpharma forming a bullish engulfing near its support and only concern is vollume green candle vollume is lower than previous red candle

Again market is so volatile is it advisable to go long on these counters

if yes then where i mean at which level . is it above tadays high

Waiting Reply

regards

Satya

nifty might not have completed its fall today completely.Another 150 to 200 points fall is possible.This may be a relief rally upto 3958.unless it crosses ema22 you may be hit from the wrong side and quickly loose 5 to 15 % within a day or two.We have to wait another two weeks.

yes this may be a relief rally . but how u set target 3958

plz explain

waiting reply

Satya

for traders rally to 3958 is a big thing...

3958 is the fibonacci retracement of 50% from the low of the fall 3675.If it breaks open 4065 on the upside then only your long position will start paying.For short position you are closer to the low.

Hi,

Can you place a chart to explain this pls?

Thanks

MANOJ

yes.......
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