Saturday, May 20, 2006
sensex charts for MEDIUM TERM,Short Term, & Long Term
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.
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