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Wednesday, May 26, 2010

srei infrastructure ltd



Srei infrastructure finance Ltd
resistance at 84 which is 200 day Moving average on weekly chart.
Buy above 90 , Trg 100, 1o5 with sl 80


Tuesday, May 25, 2010


Evening star is a bearish candlestick pattern that consists of three candles. The first bar is a large Green candlestick located within an uptrend .The middle bar is a small-bodied candle that closes above the first green bar (star). The last bar is a large Red candle that opens below the middle candle and closes near the center of the first bar’s body .
This means a broad confirmation that the intermediate multi week trend is down. Any bounce backs now are an illusion. The negative trend might remain negative for a few months