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Alpha India Indices - BSE Power Makes a Potential Double Bottom

Orpheus Capitals, June 2011, Pages: 6


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BSE Power makes a potential double bottom

BSE Power is one of the worst performer Indian sectors. Prices retested previous minor lows near 2,500 levels and are forming a potential double bottom reversal pattern. Neckline resistances lie at 2,800 levels. The daily RSI momentum is non-confirming and is in sync with our bottoming view.



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