Google Ad Choice

Saturday, July 9, 2011

DRBHICOM going sidelines..




Wow!!  DRBHICOM is trading between the sideline channel between 2.19 and 2.3.










Observation
1) Trendline - Sideline (Undetermined)
2) Formed same high and low-  (Undetermined)
3) MACD -  Bearish Crossover and below 0 ( Bearish)
4) RSI - Broke below 50% ( Bearish)
5) Sto -  Formed Bearishcrossover and broke below 50%( Bearish)
6) ADX - super low momentum and bearish( Sideline)
7) Candle Stick - 2 Black Candles ( Bearish)
8) Volume Distribution - High Selling pressure but back by Strong Support (Bearish)



5 Points







       0 Points





Conclusion
Winner Bear ( Throw down wrestling style)

This counter is bearish and going sideline..
Entry Price 2.32
Resistance at 2.37 and 2.43
Support at 2.25
Daily Buy Call in Forum..  (Do not forget to view here for daily Stock Picks)

No comments:

Post a Comment

NUFFNANG ADS