November 19, 2010

Diamond in NIFTY

CHART-II
  • Diamond has given a breakdown in favour of the bears.
  • 5921 and 5900 is gone.
CHART-I
  • 5 minutes chart gives a beautiful diamond pattern in nifty
  • Reliability of the pattern is low because it has come in 5 minutes time frame.
  • Diamonds are bearish patterns and are effective when comes at the top of the trend.
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