May 27, 2010

NIFTY Hour developing a triangle

NIFTY HOUR TRIANGLE
  • BREAK OF THE TREND LINE AND THIS REVERSAL WILL FAIL TOO.
  • BREAK OF THE UPPER LINE AROUND 5040 WILL MEAN A REVERSAL OF DOWN TREND TO A SHORT TERM UPTREND.
THANK YOU

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2 comments:

  1. imranMay 27, 2010 at 1:50 PM

    hi san.
    charts given by you are always appreciable.
    can u just give the charts for RNRL..two weeks back it has given bearish engulging pattern and crash and three days back given gap up candlestick,,is it a bullish one.
    pls guide.
    regards,
    imran

    ReplyDelete
  2. SanMay 27, 2010 at 2:56 PM

    @imran
    I will take a look at the charts today EOD

    thank you

    ReplyDelete

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