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Saturday, 30 June 2012
BIOCON----29 june 2012
LOOKS LIKE BIOCON BROKE OUT OF ITS WEEKLY WEDGE FORMATION
***IF SUSTAINS ABOVE BREAKOUT LINE
==>> EXPECT 248/55.......AND IF CROSSES 255 ON WEEKLY CLOSING WITH
SUPPORTIVE VOLUMES, THEN 280/85 COULD BE THE POSSIBLE TARGETS
NIFTY SPOT: REACHED NEXT HURDLE (5300/45) AFTER BREACHING PREVIOUS ONE AT 5180/5200....CHART ATTACHED
==>> NIFTY FOLLOWING CHANNEL PATTERN (EXCEPT ONE BREAK IN BETWEEN THE PATH)
==>> IF FOLLOWS THE CHANNEL, DOWNWARD ACTION IS EXPECTED FROM 5300/45 RANGE
==>> IF BREACHES, THEN DEGREE WILL CHANGE....AND UPWARD ACTION IS LIKELY TO TURN STRONGER
nifty view 29 june 2012
NIFTY SPOT: REACHED NEXT HURDLE (5300/45) AFTER BREACHING PREVIOUS ONE AT 5180/5200....CHART ATTACHED
==>> NIFTY FOLLOWING CHANNEL PATTERN (EXCEPT ONE BREAK IN BETWEEN THE PATH)
==>> IF FOLLOWS THE CHANNEL, DOWNWARD ACTION IS EXPECTED FROM 5300/45 RANGE
==>> IF BREACHES, THEN DEGREE WILL CHANGE....AND UPWARD ACTION IS LIKELY TO TURN STRONGER
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