Wednesday, June 17, 2009

Nifty


Inverted cup and handle seen in nifty 5 min chart, with target of 4135.

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Updated chart

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3 comments:

  1. UnknownJune 17, 2009 at 10:33 PM

    renu ji pls tell the stop loss to keep

    ReplyDelete
  2. Technical LearnerJune 17, 2009 at 11:42 PM

    renu ji..

    highly impressed wid ur analysis...

    i agree wid this cup and handle pattern... but i guess it will b in action... once it has a breakdown below tht neck line of cup n handle pattern...

    if it doesnt break... we may see a bounce back to higher levels...

    support ur view..?

    ReplyDelete
  3. renuJune 18, 2009 at 8:57 AM

    yash ji, neckline for cup and handle pattern has already been broken (updated the chart).

    Ravi ji,move beyond 4516 would invalidated the pattern.

    ReplyDelete

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