July 22, 2011

NIFTY 5 Minutes Chart

CHART-III
CHART-II
  • 5 Minutes channel has been broken in favor of bears.
  • Now price should break 5600 - 5605 level for bigger correction to happen
  • Staying above 5605 level will continue to favor bulls.
  • Price getting back into the channel will make bulls stronger.
CHART-I
  • Nifty 5 Minutes chart shows a steady up move.
  • This channel has to resolve on either side for a swift up or down move to happen
By at

2 comments:

  1. niftyJuly 22, 2011 at 2:21 PM

    San,

    I love it !!! Thanks for all your efforts. Ilango & you are really, really selfless.

    ReplyDelete
  2. SanJuly 22, 2011 at 2:49 PM

    @niftyThanks for your kind words

    ReplyDelete

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