Sensex Technical View:
There is a cluster of technical parameters which pose a resistance around 18700 levels.
- 50 dema
- 200 dema
- Breakdown trendline shown in green
- Also recent trendlines.
- Recent Top at 18690.
Crossing and sustaining above 18700 opens up to the next range of 19000/19400 which is basically 50/61.8% of the fall from 20660 levels.
For now one may focus on stock specific moves.
Stocks to watchout for :
TCS is on verge of a breakout and may head to 1200 + levels.
TECHNICAL ANALYSIS TRAINING'
MUMBAI 5th-6th MARCH 2011
Kazim 09821237002 Asif 9833666151