May 31, 2010


  • TRIANGLE IN EURO VS USDOLLAR INDEX I AM EXPECTING THIS TO BREAK ON THE UPSIDE.
  • MACD MAY GIVE AN EARLY INDICATION.
  • HAVE THE BOTTOM TREND LINE OF THE TRIANGLE AS STOP LOSS.
THANK YOU

  • EURO VS CANADIAN DOLLAR HAS FORMED A FALLING WEDGE KIND OF PATTERN WITH AN UPSIDE BREAK OUT POSSIBILITY.
  • IF 1.29500 IS TAKEN OUT IT CAN GO UP TO 1.31500
THANK YOU
WEEKLY

HOURLY CHART

  • EURO VS US DOLLAR INDEX IS MOVING IN AN UP MOVING CHANNEL AND CAN GO  UP TO THE TOP OF THE CHANNEL AT 1.26000
UPDATED CHART OF THE BELOW ONE

  • USDOLLAR VS SWISSFRANC HAS CREATED A CONTINUATION PATTERN IN THE HOURLY CHART.
  • THE HOURLY CHART IS IN UPTREND TILL NOW. A SIDEWAYS CONSOLIDATION IS GOING ON.
  • MOST LIKELY IT WILL BREAK ON THE UPSIDE GIVING 0.065 POINTS
THANK YOU

  • US DOLLAR CANADIAN DOLLAR WEEKLY TRIANGLE BREAK OUT.
  • TRADING ABOVE 1.03000 THIS MAY MOVE TILL 1.28000
THANK YOU

  • NIFTY HOUR DID NOT CLOSE BELOW 5048 (61.8%)
  • FIRST TARGET OF 5080 IS ACHIEVED
  • A DAILY CLOSE ABOVE 5080 WILL LEAD TO 5120(78.6%)
THANK YOU
NIFTY BEARISH VIEW
NIFTY BULLISH VIEW


  • NIFTY CLOSING BELOW 20 HOUR SMA WILL SURELY BREAK 5000.
  •  ABOVE 5050 IT IS POSITIVE AND NIFTY WILL TARGET 5080 AND 5120(78.6% FIBO LEVEL)
THANK YOU
NIFTY HOUR

  • NIFTY HOUR BREAK THE TREND LINE
THANK YOU
NIFTY HOUR CHART

  • IF 5180 IS HELD THE NEXT TARGET IS AT THE 78.6 LEVEL WHICH IS 5120.
THANK YOU
NIFTY HOUR

  • NIFTY IS CLOSE TO AN IMPORTANT TREND LINE IN THE HOURLY CHART
  • ONE CAN MOVE A GOOD MOVE ON EITHER SIDE. IF IT BREAKS A GOOD SHORT TRADE IS AVAILABLE.
  • ON THE CONTRARY A MOVE ABOVE DAY'S HIGH  ONE CAN INITIATE A LONG TRADE WITH DAY'S LOW AS STOP LOSS.
  • ONE CAN ALSO USE THE 20 HOUR SMA FOR FINE TUNING
THANK YOU
US DOLLAR INDEX WEEKLY VIEW

  • US DOLLAR INDEX WILL FACE RESISTANCE FROM A TREND LINE THAT WILL MEET THE PRICE AT AROUND 87-88 REGION.
THANK YOU
DLF LTD DAILY CHART

  • DFL IF NOT RESISTED BY THE 20 DAY MOVING AVERAGE AT AROUND 286 THERE IS EVERY CHANCE OF THIS STOCK MOVING TO 300+ REGION.
  • IF THE CONVERGING MACD GIVES A BUY SIGNAL THAT WILL ADD TO THE STRENGTH OF THE CURRENT MOVE.
THANK YOU
IFCI DAILY LINE CHART

  • IFCI HAS BEEN CONSOLIDATING FOR MONTHS NOW.
  • ONE THING IS SURE SINCE THE CONSOLIDATION IS LONG WHICH EVER SIDE THIS ONE IS GOING TO BREAK OUT THERE IS GOING TO BE A LARGE MOVE. OF COURSE BASED ON THE VOLUME.
THANK YOU

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