May 28, 2013

NIFTY Chart analysis


  • NIFTY Daily chart shows price taking support at 38.2% Fib level and closing the day back above 23.6% Fib level.
  • Hourly chart shows possibility of a head and shoulders pattern which will work only if this up move is limited to 6115 - 6120 levels, Anything above that may lead to 6229 levels for a range bound move as shown in last chart.

No comments:

Post a Comment