- See how nifty makes a consolidation pattern in hourly and gap's up in the morning.
- The hour consolidations did not give an intraday entry.
- The hour chart formed a base pattern when it was trading around 5235-5240. And from there it gaped up. then two consolidation patterns which gave break outs by gap ups.
- So conclusion when in an up trend hold on to your long positions with trailing stop losses and booking partial profits.
- Nifty weekly chart analysis.
- Bank nifty resistance zone
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
July 12, 2010
Nifty consolidation and break outs
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