| Topic : Trend Analysis Of Indices |
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last activity : 07 19 2010 18:42:47 +0000
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Last whole week was euphoric, greenery seen from my window, hot black coffee and news paper carrying news of advancing monsoon across the Indian continent. The Indian economy’s major driver growth is the agricultural economy. Yet during last decade along with agriculture, one of the fast emerging growth drivers of the Indian economy has been exports of goods & services related exports.
And................
Inverse Head & Shoulder is an accumulation pattern & a complex one too. This means if this pattern breaks out on upside...from the neckline with volume, then measuring implications can be worked out. The Inverse Head & Shoulder fulfils the criteria of High Volume on the left shoulder with tapering of low volume to the head and subsequently the right shoulder. Of course a forceful breakout with good volume on upside above 18150...one can assume that bulls are back in charge.
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2 comments on "Sensex Weekly Technical Trend Analysis - 19/07/2010"
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Commented by
sandesh saboo, Research Associate/Analyst, saboo associates
| 07 29 2010 10:36:48 +0000
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Commented by
Mathew Cherian, Research Associate/Analyst, Western Michigan University
| 07 20 2010 08:17:57 +0000
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