May 6, 2010


UPDATED CHART
ONE MINUTE CHART
  • NIFTY one minute chart shows price bottom with an inverse head and shoulders in one minute.
thank you


  • NIFTY 5 minutes also shows an inverse H&S.
  • the neckline is broken and the price is retesting the neckline. 
thank you
RELIANCE 30 MINUTES CHART
  • 30 minutes chart of reliance industries shows clear positive divergence.
  • price has not yet reacted yet.
thank you

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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