September 28, 2010

Triangle Formation

CHART-II
CHART-I
  • There is a Triangle formation developing in nifty futures chart.
  • Right now price is resting at the support line of  the triangle. A move towards the upper end of the triangle is possible.
  • Breaking the support line will be negative and may attract strong selling.
By at

4 comments:

  1. bullvsbearSeptember 28, 2010 at 11:35 AM

    Nice Chart San! it looks like we have broken downward..

    ReplyDelete
  2. SanSeptember 28, 2010 at 12:13 PM

    Yes Shekar it has broken downward. But selling is not gaining strength as of now

    ReplyDelete
  3. VGopalSeptember 28, 2010 at 1:08 PM

    dear sir, my request for ur kind guideness on icici bank chart is still pending from y`day. so when u have time then plz.favour. thanx.....

    ReplyDelete
  4. SanSeptember 28, 2010 at 2:12 PM

    @VGopal
    I will do an analysis on ICICI BANK

    ReplyDelete

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