July 29, 2010

Nifty daily chart analysis

  • Nifty has broken the raising wedge.
  • Price did not close below 5 day low ema, but came down below it briefly to close above it.
  • Price is still above 20 SMA. 
  • Nifty has broken an important trend line in daily chart. But as shown in the last chart there is still hope left for the bulls above 5350.
  • DOW JONES TRIANGLE IN 15 MINUTES CHART
By at

3 comments:

  1. SanJuly 29, 2010 at 8:33 AM

    Dear Shyam

    I am still a learner of EW. So for now i will limit my posts to technical analysis.

    I will posts gold's technical chart today.

    ReplyDelete
  2. wormwood34July 29, 2010 at 8:45 AM

    san thanks for the chart...

    ReplyDelete
  3. rochak parekhJuly 29, 2010 at 10:38 AM

    hello friends,

    sterling biotech & gvkpil, buy initiated as suggested
    please visit

    http://stock2gains.blogspot.com/2010/07/trade-updates-sai-bhajan.html

    happy sailing
    regards

    ReplyDelete

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