Stock Market Chart Analysis
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
August 19, 2011
Descending Triangle of NIFTY
Descending triangle has given a good short trade.
Intraday bounces are getting smaller. Trend seems to be strong.
So it is wise to wait for a meaningful pull back before one goes long again.
Price moving above 4839 may give some strength.
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