![](http://photos1.blogger.com/blogger/3627/2953/400/sensex%20medium%20term%20chart%2019may.0.gif)
![](http://photos1.blogger.com/blogger/3627/2953/400/sensex%20short%20term%20chart%20as%20on%2019may.0.gif)
![](http://photos1.blogger.com/blogger/3627/2953/400/sensex%20on%2019may%20long%20term%20chart.1.gif)
click on chart and read link to see if it is long term,medium ,or short term chart
First chart is for medium term,
second one is for short term-say 6 months time frame
Third chart is for long term say 6 years
Look at the trend channel and know the support and resistance levels.
MEDIUM TERM IDEA
BSE SENSEX is in a rising trend . A continued rise within this trend may be expected. In addition, the price has now fallen back towards the floor of the trend channel, which should give a reaction up. Has, however, broken a support level in the short term and given a negative signal for the short term trading range. The index has support at points 8800 and resistance at points 12600.
No comments:
Post a Comment