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Anshuman Chatterjee
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  • Indian Market Review 0 comments
    Jun 4, 2013 1:19 PM

    all dressed up and nowhere to go .........

    Markets are in a consolidation mode after the steep runup and trading inside a Falling wedge. Volume activity is supporting the price pattern. Additionally it is taking support near the 38.2% retracement of the whole rise. The EMA's are in a bullish setup.

    > If the support zone of 5970 (green line) & 5940 (38.2% retracement) HOLDS ........... we will go places.

    network.mta.org/MTA/Go.aspx

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