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Analysing NF using iCharts levels - Sep 2011

 
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Author Analysing NF using iCharts levels - Sep 2011
SwingTrader
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Joined: 11 Aug 2006
Posts: 2884
Location: Hyderabad, India

Post: #1   PostPosted: Fri Sep 02, 2011 9:29 am    Post subject: Analysing NF using iCharts levels - Sep 2011 Reply with quote

NF opened just above the BULL level and reversed down from there. BULL-R1 is going to be major resistance for any up move. On the downside LOC will be tested, if it breaks we move down to test BEAR-S1 area which is major support.
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Srikanth Kurdukar
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SwingTrader
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Joined: 11 Aug 2006
Posts: 2884
Location: Hyderabad, India

Post: #2   PostPosted: Mon Sep 05, 2011 9:31 am    Post subject: Reply with quote

NF has opened below BEAR-S1 area which indicates lot of downside pressure. BEAR-S1 is going to be the major resistance....trend is down until BEAR level is broken and price moves above it.
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