April 8, 2010

Suzlon in a  beautiful triangle pattern. Thanks to ANUJ for bringing it to my notice.

For Suzlon a break out on either way is possible. Suzlon is a well traded stock so it may go with the nifty. If nifty breaks down from the current levels it may break the lower boundary. But remember triangles are known for their FALSE BREAKOUTS.


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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore