April 21, 2010

NIFTY 5 minutes in an upward moving channel

UPDATED CHART

    • NIFTY short term channel broken on the down side

NIFTY 5 MINUTES
  • NIFTY is moving in an upward moving channel
  • any fall to the bottom of the channel can be used as an opportunity to buy with the channel bottom line as stop loss.
thank you
take care
By at

2 comments:

  1. AnonymousApril 21, 2010 at 11:24 AM

    also a reverse HnS in the making on hourly chart....

    ReplyDelete
  2. SanApril 21, 2010 at 11:29 AM

    @stocktipsatobeya

    you are right about the inverse HnS But the pattern is a little complex. the right shoulder is not in the correct place. But there are lots of instances where complex HnS patterns given great trades. trade safe wait for the pattern to complete
    thank you

    ReplyDelete

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