Sensex appears to have broken out of the trading range of past few days on the upside (15926 as at the time of posting at 1.04PM).
In the process it has gone above the 38.2% retracement of fall from 16371.29 (of 28/MAR/2008) to 15343.12 (4/APR/2008)
If the move sustains intraday and if Sensex goes above 15978.53, one can look at 16028 (20Day EMA), 16187 (38.2% retracement of fall from 18115 to 14994 on weekly close basis) and may be 16923 over the coming 3-5 days.
Cheers
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1 comment:
Hi, Excellant, as you have expected the sensex moved up, I hope it will touch your next target by next week. Warm Regards.
K Karunakaran
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