March 12, 2013

NIFTY Intraday update


  • One hour chart shows the up trend with small corrections. Sustaining above the trend line may lead to another breakout.
  • Daily chart shows price slowing down at the cloud.
  • 4 Hour chart too shows price pausing near Golden ratio. But Last chart shows a possible Bullish inverted head and shoulders pattern. For IHNS to work correction should be limited to 38.2% Fib level shown in 3rd chart.
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2 comments:

  1. gaurangMarch 14, 2013 at 11:34 PM

    is IHNS valid if nifty crosses 5950 tomorrow ?

    ReplyDelete
    Replies
    1. gaurangMarch 14, 2013 at 11:35 PM

      if yes then what will be its tgt and if no then why as nifty made low at 5791 levels spot

      Delete

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