US DOLLAO CURRENCY INDEX IS CURRENLTY SHOWING BEARISH PHASE ..AS YOU CAN SEE THIS ON THE BASIS OF TREND LINE .
TREND LINE AND SUPPORT LINE SAYS THAT IT WILL REACH TO 88 (APPROX) . AND AFTER THAT IT WILL BOUNCE BACK .
AS RSI ,CCI , WILLIAM %R , AND OTHER INDICATORS ARE SHOWING IT WILL AGAIN REVERT BACK . AND IT WILL MOVE UP ..WITHIN 2 OR 3 MONTHS .
WHAT ARE...
CURRENTLY RELIANCE INDUSTRIES IS IN BEARISH PHASE .
AS RSI , MACD ARE ALSO SHOWING THIS .
TREND LINE IS SHOWING THAT IT WILL GO DOWN IN THE RANGE OF 1800 ....BUT NOT BELOWN 1800
AFTER THAT IT WILL BOUNCE BACK .
CURRENTLY RELIANCE INDUSTRIES IS IN IN BEARISH PHASE .
CURRENTLY HFCL TREND LINE IS SHOWING UPTREND FOR LONG TERM PURPOSE . BUT FOR SHORT TERM IT WILL GO DOWN TOMMORROW .
I HAVE CONFERRMED THIS IT WITH RSI , CCI , BOLLINGER BAND, AND PARABOLIC SAR ....ALL OF THESE ARE SHOWING THAT MAY GO DOWN TOMMORROW .
according to my analysis ,
it seems that wipro will go down
because in chart i can see a doji candlesticks , it means that it is going to reversed
and also according to bollinger band analysis , it breaches the point above the bubble , it means that it will going to be bearish..
what are your views regarding this ??
according to my analysis RELIANCE INDUSTRIES will go down ...
As in analysed using the candlesticks chart ..it is showing a doji candlesticks ..it means that from that point market will reverse ..and it is reversing
and i also analysed it using RSI indicators ...RSI is more that 70 .yesterday ...it means it is in overbought condition ...and today we can see...
currently reliance is trading at rs 2315...and my analysis says that it will fall down because according to RSI it was in overbought condition ..and that's why it is falling today ...and also according to SHOCKASTIC technical analysis it is also saying that it will go down because blue crosses the orange line or blue line is below orange line
and i also analysed...
AS ACCORDING TO MY PREDICITION THE TATA MOTORS WILL GO UP BY 150 TODAY ..BECAUSE ACCORDING TO MYREND LINE DRAWN IT WILL GO UP TO 154 WITH IN 2 OR 4 DAYS ..BEACUSE AT PRESENT IT IS BELOW ITS TREND LINE .
