May 3, 2011

WILL IT STOP AT THE TREND LINE ?

CHART-II
  • Nifty has clearly broken the first trend line and closed near day's low.
  • It seems price is moving below 5500 and towards the blue Trend line.
CHART-I
  • Nifty four hour chart with important trend lines that can stop the bears.
  • Break of red line will be negative and price may start moving towards the blue line.
  • A pull back can be seen only if the day closes above the red trend line
By at

2 comments:

  1. Parminder May 3, 2011 at 4:22 PM

    hi san,
    boss pl give the values of nifty also along with trendlines or supports to make it more clear and viable
    Thanks

    ReplyDelete
  2. SanMay 3, 2011 at 5:35 PM

    @parminder

    Sorry for the lack of information. This is because i have to manage my trading position as well. So i will try to do the best i can.

    Thank you

    ReplyDelete

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