Nifty

For the first time Nifty has made lower lows for 11 consecutive days.........nifty weekly 200ma stands at 4819 so we may see a bounce soon.

Reliance

Today Reliance industries made a 52 week low which coincided with a long term trend line from lows of 1998 ...if the trend line gets broken then we could see the stock moving to 550-570 level very quickly. 

DOW : Double Top

Dow has formed double top at 13339 and now if it breaks 12729 levels with good volumes then it could target 12155.

HERO MOTO CORP LTD

Hero moto corp had a failed head and shoulder pattern (chart 1 ) and now if it breaks long term trend line from oct 2009 lows then one should exit from the stock as the the stock could show sideways consolidation or show a deep cut.

Siemens : Double Top

The stock made double top at 840 levels and today it broke down below 745 with good volumes so the stock could now target 650.

Update : Nifty Double Bottom

Nifty : Double Bottom