To ease the bullish trade
Chart Hint: Ashok Trivedi The BSE Index (Closed 7.5 on 9-08-2) is prone to softening from a peak of 7.5. At present, the average for 15 days is 6.15 and for 8 days it is 8.05 and for 200 days it is 304.5. Daily and weekly MACDs are soft. Shows position towards oversold on daily and weekly basis as well as oversold on monthly basis. Above 212, 30, 2110 is considered as resistance level. If the bottom 2 breaks down to 2, the probability is up to 20, 2110, 20, 21500. Aarti Industries (closing price of Rs. 3.3 dt. 2-06-9) is pro-softening from the top of 1112. At present, the average for 15 days is 7.5 and for 8 days it is 4.5 and for 200 days it is 313.5. Daily and weekly MACD is pro-softening. Shows position towards oversold on daily, weekly as well as monthly basis. Above 6 is considered as 3 above resistance surface. Possibility of 50, 210, 5 below 21 below. Adani Enterprise (Closed Price Rs. 1912.50 Dt. 3-06-9) is pro-softening from the top of 1905. At present the average for 15 d...