May 3, 2010

NIFTY Descending Triangle in daily line chart

NIFTY DAILY CHART
  • NIFTY line chart shows descending triangle.
  • break of 5200 and close below it will be bearish.
  • Break of the ascending triangle trend line will be a bullish sign. 
  • Break of 5300 and trading above it can only confirm a clear long signal.
thank you

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