September 27, 2010

Broken channel

  • The trend line of the broken channel acting as resistance.
  • Up move is possible only if NF comes back into the channel. Till then the broken area will act as resistance.
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2 comments:

  1. krunal shahSeptember 27, 2010 at 11:02 PM

    hello sir i love your analysis & the way you explain it ...i just need your help in 2 of the hurdles which i m facing :-
    1. i m positional short in nifty with sl.6250 can i xpect 5800 or 5750 in october series
    2. i will b greatfull if u share me your views for Walchand Nagar.

    ReplyDelete
  2. SanSeptember 28, 2010 at 12:09 AM

    @Krunal shah
    If nifty starts trading below 6000 it may be possible. But If it goes below 6000 one should trail the stop loss in order to Lock the profit.

    I will have a look at the chart you have mentioned

    ReplyDelete

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