iCharts Discussions

[stockmode]

“Mudgal Crash Oscillator – Slower” has also given buy signal
Close: 4,733.0000
[hr]

Support < Support < [[Crucial]] > Resist > Resist
4,672.5332 < 4,702.7666 < [[ 4,751.1333 ]] > 4,781.3667 > 4,829.7334
[hr]
Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish


• We would only look for a signal to sell.
• The momentum is up.
• The upward momentum is accelerating.
• We would be hesitant to enter this market at present because we are looking only for a signal to sell but the momentum is up and accelerating. We would most likely stand aside in this situation until we have a valid buy signal on the Price Chart.

Bharat Mudgal’s comments:

Goodmorning!
The “Mudgal Crash Oscillator – Fast” is still in a buy zone and till such time it is in a buy mode, we will not do any short-selling. Users were informed repeatedly yesterday that above 4770 the major resistance for nifty is at 4865. Also, lately we have been getting short-term buy signals on IT stocks like SATYAM COMP, TECH MAHINDRA, MPHASIS BFL and today we got a buy signal on I-FLEX, it could mean that IT could be an outperforming sector. We have come up with a BUY report on RELIANCE PETRO yesterday and subscribers will get the details.

Have a great Trading Day ahead!