June 13, 2011

Nifty - EOD Update

BULL FLAG UPDATED
CHART-III
  • Bull Flag shown below has violated the resistance line and has closed in favor of bulls.
  • And Like Friday bulls fight back from near 5450 to close the day above 20 day moving average.
  • We will know soon if it is shown of strength by bulls of bears laying a bull trap.
CHART-II - BULL FLAG UPDATED
CHART-I
  • Bullish consolidation pattern in 5 Minutes chart.
  • Will be effective if the resistance line gets broken
By at

3 comments:

  1. chetanJune 13, 2011 at 3:18 PM

    thankks. san sir.

    ReplyDelete
  2. JanakiJune 13, 2011 at 4:01 PM

    Actual closing has in fact retraced the last 5 min bar completely :(

    ReplyDelete
  3. SanJune 13, 2011 at 5:41 PM

    @Janaki
    Yes the closing seems to be at 5482. Still it manages to close above 20 DMA.

    ReplyDelete

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