Sunday, January 17, 2010

Nifty : Descending Triangle in making ??



Looks like nifty is forming descending triangle, any breakdown below 5172 with volumes could take nifty to 5050 and any move past 5295 would invalidate the pattern.
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3 comments:

  1. RajagopalJanuary 20, 2010 at 7:38 PM

    Dear Renu - it is a huge range 5295 - 5172. What is the trade then ? Long where and Short when?
    Regards,
    S Rajagopal

    ReplyDelete
  2. RenuJanuary 21, 2010 at 2:35 PM

    Hi Rajagopal,

    with this chart i meant if nifty breaks 5172 with volume then one could take short for target of around 5050.

    ReplyDelete
  3. JCJanuary 21, 2010 at 2:46 PM

    GUD ONE RENU ALMOST AT UR TGT ..CHEERS

    ReplyDelete

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