Monthly Archives: March 2010

Patni Computer @Higher top formation

By | March 22, 2010 4:35 pm

Patni Computers is forming Higher top formation on daily charts and taking trend line support as shown in the charts Attached. Stocks is facing a tough resistance around 530-34 zones and if that levels got crossed we may see a quick move to levels of 542 and 549. Support for the stocks comes around the… Read More »

Nifty Technical Outlook

By | March 16, 2010 10:30 pm

Nifty managed to show some good up move today after 6 days of consolidation pattern.Now if we count the waves we come to following conclusion when we see the above Chart a leg = 5092 to 5137 = 45 points b leg = 5137 to 5096 = 41 points c leg = 5096 to 5158… Read More »

Advance Decline Ratio

By | March 14, 2010 8:52 pm

The advance/decline ratio (A/D ratio) shows the ratio of advancing stocks to declining stocks. The benefit of using the advance/decline ratio is that it is a constant number, Interpreting Advance Decline Ratio Interpreting the advance/decline ratio can prove to be a difficult task. The ratio will move erratically and on quick glance it is a… Read More »