May 30, 2011

NIFTY Triangle pattern

  • NIFTY has given a breakout from the triangle pattern
  • Bulls can add momentum only if they sustain above yesterdays high 5509.
CHART-I
  • 15 Minutes chart with a triangle pattern.
  • Trend in shorter time frame is favoring bulls So an upper breakout will help bulls extend gains
  • But being a triangle this may give a breakdown too. 

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