UPDATED CHART - 2
UPDATED CHART
- Dow Jones Futures chart is moving up steadily.
- Price is approaching the resistance area of 10360.
- If the index manages to trade above 10360 it will be an important reversal.
TRIANGLE BREAKS OUT
UPDATED CHART(18th AUG)
- AT&T Inc is trading in a triangle in its 30 minutes chart.
- This stock has been in a sideways consolidation for more than a year now. And the stock is trading near the upper end of the consolidation.
- Nifty has broken an important support line in 15 minutes chart. If nifty closes below the support line it will test the recent lows.
- Nifty slowly but surely is going down. Its slow grinding move may pick up speed after trapping the remaining bulls.
UPDATED CHART
UPDATED CHART
- Nifty has broken out of the triangle.
- But The expected upward momentum is lacking.
- If nifty goes up from here it will find resistance at 5443 level. above 5443 the next target is 5460
- Nifty is showing Triangle pattern in its 5 minutes chart
- The breakout or breakdown may give direction for the next 50 points in nifty.
- Beware of false breakouts since it is a triangle
- NIFTY DAILY CHART ANALYSIS
- Nifty's direction may be decided within one or two day's
- Nifty has closed below 20 DMA. The 50 DMA is also approaching the consolidation area.
- So a breakout or breakdown is imminent.
- DLF LIMITED TRADING NEAR 200 DMA
- DLF LIMITED is trading close to support and resistance lines.
- The stock is trading near its 200 DMA.
- So a breakout from this area will result in stock pulling away from the 200 DMA.
- One can take a trade towards the breakout area. Wait for a clear breakout don't assume to which side the stock will breakout that's were traders loose money. Enter after the stock breaks out with the breakout point as stop loss.
- LIVE INTRADAY CHART FOR DLF LTD