CHART-II
- The Descending triangle gives a support line break favouring bears.
- Now the larger fall will be possible if 5937 breaks
CHART-I
- Nifty futures 30 minutes chart with a descending triangle.
- Pattern also shows two false breakdowns.
- Bears may be lucky the 3rd time. If they does not do a big breakdown soon a sharp up move is possible.
- Descending triangles are known to break below favouring bears Lets see how this one goes.
SAN,
ReplyDeleteto break out from this triangle NF needs to move above 6100.
good chart as usual :)
That's right Amit, 6100 would be a good resistance to cross if bulls manage to breakout of this triangle.
ReplyDeleteThanks for visiting
Hi San,
ReplyDeleteCould you tell me how to get the nse data to MT4. Please help me
Mark i am using the demo charts from GCI.
ReplyDeleteok, i saw like MT4 under the charts. so i asked.
ReplyDelete