September 14, 2010

Trend line in 5 minutes chart

CHART - III
  • NF has broken the trend line.
CHART - II
  • NF With resistance and support lines.
  • Trend line has been giving support for 2 day's now. It is also trading near resistance line. Break on either side can give good direction.

CHART - I

  • Nifty futures has been finding support on the trend line formed yesterday.
  • Now price is resting on the trend line.
  • We shall see how price reacts from this trend line. closing below it can give good correction. If Price gets support the larger trend will continue

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