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Tuesday, October 5, 2010

IDBI Repeats Doji Formation




The stock has remained overbought for entire September which shows continued uptrend.  Today’s candle is a doji which shows the market is facing selling pressure at its current point.  Same happened 3 days earlier but the market has risen, so it’s uncertain what’ll happen.  No specific negative formations visible though to suggest any steep negative change, however the steep uprise could face a curb soon.

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