My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
July 1, 2015
Nifty trend update
- First chart shows the Descending triangle pattern in weekly chart. Price has moved from the support zone of the pattern to its resistance line.
- Another hurdle for the bulls is the 20 Week SMA.
- Major up trend for nifty will be safe till the swing low around 7940 - 7960 is not broken on closing basis.
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