"NIB" Bullish bais above 2.23
Our Prefrence: As long as 2.23 and 2.15 are sustained as supports buy NIB with Target at 2.61 and 2.72 also 3.24 in extention
Alternative Scenario: Downward breakage of 2.15 will call for 2.07 and 1.91
NOTE: NIB is getting support from its 280 Days moving average and have estabilished a hammer pattern in daily chart, MACD and Stochastic are in over sold regions and after generating a cross STOCHASTIC have indicated a reversal pattern in short term which can push NIB towards 2.61 and 2.72
Intraday Supports and Resistance:
| S3 |
S2 |
S1 |
Pivot |
R1 |
R2 |
R3 |
| 2.20 |
2.26 |
2.34 |
2.40 |
2.48 |
2.54 |
2.62 |
| Mid S3-S2 |
Mid S2-S1 |
Mid S1-PP |
Mid PP-R1 |
Mid R1-R2 |
Mid R2-R3 |
|
| 2.29 |
2.30 |
2.37 |
2.44 |
2.51 |
2.58 |
|
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John Doe
June 29, 2014 - 11:23 Proin eget tortor risus. Cras ultricies ligula sed magna dictum porta. Pellentesque in ipsum id orci porta dapibus. Lorem ipsum dolor sit amet, consectetur adipiscing elit.Diana Doe
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