Saturday, January 28, 2006
>NSE Long and Near Term Channels and Targets
This images try to look at larger time frames, to look at the larger picture.
If NSE sustains over 3000 (ignore intraday moves) we can get 3250 and 3400 as our targets.
3000 would act as stiff resistance and this scenario opens ONLY when 3000 is convincly taken out. 2985-3000 was an important target zone (as posted in previous analysis) and also channel top zone as seen in the current images.
I would exit a majority of my long term investments if 3400 is seen.
Note: This is just my view and not an advice to you in any sense.