Analysis and Action plan for Mar 23

Weakness: Nifty has closed below all 5EMA's indicating weakness.  5&13 EMA'sbelow SMA's.
Strength : Closed above all LEMA's
Analysis : A sustained trade above 5430 would help to gain upward momentum , close below Lema Would trigger Down trend - tillthen the sideways range continues.

Bearish Gartely pattern

Action Plan for 22 mar 2011

Bank Nifty weekly Pattern

In Bank Nifty Weekly charts when the OHLC candle chart is taken it forms a Diamond Pattern. Whereas when the close values are charted then an expanding trainagle is in the making.

Inverse H&S and -ve divergence!! in 5min NF!!!

-ve divergence won against inverse H&S!!!

There is an inverse H&S formation and also -ve divergence can be spotted!!! which will come into effect???

Analysis for 21 march