CHART-II
- Ascending triangle shown below has given a breakout
- Breakout can be a false one. So price sustaining above 1236 is mandatory for this one to achieve its goal.
CHART-I
- SPX 15 Minutes chart is showing an ascending triangle pattern.
- 1235 area is acting as resistance. Break of this level can give good upward momentum for the index.
- Sine ascending Triangle known to break on the upside we can expect an up move. But if the supporting trend breaks this pattern will become invalid. Break of trend line will help bears to drag price down Trading below 1226 will favor bears.
Hi San Bhai
ReplyDeleteThis is what Ilango bhai replied about my query regarding nifty closing value
"There should not be so much efforts to find a closing value. However, the calculation is based on the average of last 30 minutes values.
To arrive at this, you maust keep an excel sheet where in you paste the last 25 minutes "1 minute close values" at 3.25PM (3.01 to 3.25 PM close values - every one minute) and take an average by totalling and divide by 25. Another 5 minute value may not alter it much unless highly trending.
With some brokerage terminals, you can easily download the 1 minute data & do the average in 10-15 seconds."
Regards
Thanks Vaibhav
ReplyDelete