November 29, 2010

A Classic Retest of the breakout

  • Before the euphoric rise towards 6300 levels nifty was trading in a broad multi week range. 
  • We saw a breakout above 6500 levels. In most breakouts we can expect a retest of the breakout area before the next move happens towards the breakout.
  • FALLING WEDGE OF NIFTY

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