12 January 2010

BGR











The above weekly chart looks bullish for short term. Weekly breakout happened last week. Wave C/3 is in progress. The breakout candle with higher volume makes the comfortable place for bulls.

The current running weekly candle seems negative anyway the candle will conform at end of this week only.

We can expect a Target of 613-639 for short term.

Trader can buy at CMP (565) with stop loss of 525.

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