August 17, 2010

Nifty's Triangle in 5 minutes chart

UPDATED CHART
UPDATED CHART
  • Nifty has broken out of the triangle.
  • But The expected upward momentum is lacking. 
  • If nifty goes up from here it will find resistance at 5443 level. above 5443 the next target is 5460

  • Nifty is showing Triangle pattern in its 5 minutes chart 
  • The breakout or breakdown may give direction for the next 50 points in nifty.
  • Beware of false breakouts since it is a triangle
  • NIFTY DAILY CHART ANALYSIS

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