Didn’t feel like writing much – was engrossed in the Ayodhya ‘tamasha’ unfolding across various TV channels. Of all the completely useless and unproductive causes that one can think of, this one surely will hold the pride of place!
But this is not a blog about political or religious commentary. It is about the stock market and the Sensex. I took a look at a really long-term Sensex chart, and decided to put it up here. I will try to reveal some of the not-so-secret information emanating from the chart on Saturday. Till then it is the readers’ turn.
What signals are coming from this chart? Is it bullish or bearish? Why?
Does the volume pattern reveal anything?
What is the 200 day EMA suggesting?
Would you like to buy, sell or hold? Why?