24th Dec 2009
Hammer rebound from quad supports consisting of
1. Lavender support zone
2. Red lower channel support
3. Green upper channel support
4. Blue lower channel support
29th Dec 2009 to 31st Dec 2009
Unable to close above the light blue resistance zone even though it pierced this zone briefly on intraday trading on 30th Dec 2009.
4th Jan 2010
Finally managed to close above the light blue resistance zone with a strong closing near the high of the day.
5th Jan 2010
Price flight clipped by dual immediate resistances comprising of the upper blue dotted channel and the pink resistance zone. The spinning top candlestick formation indicates indecision with bulls and bears forces ending in equilibrium. Further ascent requires strong buying interest to mount a challenge towards the red upper channel boundary and the green resistance zone. Immediate support is the light blue resistance turned support zone. Next support is the red lower channel support followed by the green dotted channel.
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