April 30, 2010

NIFTY week has pennant pattern formation

NIFTY WEEK CHART
  • NIFTY WEEK chart is trying to form a pennant formation. 
  • break of the upside line can give at least 550 points.
thank you

3 comments:

  1. above 5400 is the burnout bubble all are talking about - then collapse from 5500 - 6000 range. Patience will give lot of money.

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  2. hi just check the simple trend break down as well
    back to back bearish engulfing kind of stuff take care
    divyesh palrecha

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  3. @divyesh
    you are right let's see how much lower it goes.

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