May 26, 2010

FORD MOTOR DAILY TRIANGLE
  • FORD MOTOR CO IS WAITING TO BREAK OUT. ABOVE 11.6 FORD CAN MOVE UP TO 15.6.
  • BELOW 10 IT WILL GO TO 6.
THANK YOU
AT & T WEEKLY HEAD AND SHOULDERS

  • AT & T HAS BROKEN DOWN FROM A HEAD AND SHOULDERS PATTERN
  • TARGETING 20 AS THE FIRST TARGET FOR THIS PATTERN BREAK DOWN.
THANK YOU

WEEKLY CHART
DAILY CHART
  • WEEKLY Chart is forming a triangle like formation.
  • Break on either side will be followed by a 20 point move towards the break out side.
  • Price closed above the 200 day moving average in daily chart.
  • Price is also closed above the crucial support of 64.
thank you

  • Reliance Trading above 1010 Might go to 1030.
  • Intraday stop loss 990

TATAMOTOR DAILY CHART

15 MINUTES CHART
  • Channel is yet to be broken in the daily chart.
  • One can remain long in the stock as far as the stock holds the channel bottom line.
  • keep a stop loss of 660-665.

  • Nifty 5 minutes chart showing today's price action.
  • A triangle like formation.
  • CAUTION : PRICE HAS TO TRADE ABOVE DAY HIGH
thank you

  • Below 4860 index will get back into the channel.
  • Need to build some more momentum and trade firmly above 4920 for us to call this a reversal.
thank you

NIFTY WEEKLY
  • NIFTY Weekly has broken all Trend line supports.
  • Only a reversal and close above the 3rd trend line can save the nifty.
thank you

UPDATED CHART

FALLING WEDGE UPDATE

FALLING WEDGE
  • LET'S SEE IF THIS ONE CAN REVERSE NIFTY'S DIRECTION.
  • SHOULD TRADE ABOVE 4865 FOR THE PATTERN TO BE EFFECTIVE.
thank you

  • Saucer bottom formation in DOW 5 minutes chart
  • Trading above 9960 DOW can reach 10150.

Disclaimer

All the contents of niftychartsandpatterns are for educational purposes only and are not Investment Advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures. Niftychartsandpatterns shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial or investment adviser before acting on any of the Ideas in this blog.

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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