June 20, 2011

NIFTY Broadening pattern

  • Today's fall took support at the bottom support line of the broadening formation.
  • If today's low hold nifty may move up towards 5400 that is the 50% retrace of the fall from 5604 to 5195 which is today's low.
By at

6 comments:

  1. Parminder June 20, 2011 at 3:35 PM

    thanks san for ur efforts and comments

    ReplyDelete
  2. FireJune 20, 2011 at 3:36 PM

    Valuable charts at important moments... day after day after day...Thanks a lot SAN.

    ReplyDelete
  3. SanJune 20, 2011 at 3:57 PM

    Thanks Fire and Parminder

    ReplyDelete
  4. SanJune 20, 2011 at 4:01 PM

    @Parminder
    I will try to update Crude and Copper charts today

    ReplyDelete
  5. VajuJune 20, 2011 at 11:13 PM

    Doesn't Nifty Daily chart forming Double Bottom?

    ReplyDelete
  6. SanJune 21, 2011 at 8:47 AM

    @Vaju

    The double bottom possibility does exist but it is a huge pattern and it is at its early stages. And price should not make new lows.

    ReplyDelete

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