Tuesday, February 23, 2010

Nifty : In a Triangle

Nifty has formed a symmetrical triangle on hourly chart ,breakout on either side with volumes could give 100 points.

4 comments:

  1. hi renuji,
    nifty is break the tredline but now stay at up so now this pettern is valid ?
    regards, alpesh

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  2. Renu...Hi!
    What is the value of the lines at 12.00hrs and the rate at which they are converging?
    thanks

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  3. Hi alpesh and manoj,

    values are 4881 on up and 4850 on down at 12, but as the price is coming close to apex, breakout/breakdown would become less reliable .

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  4. will it break shorty in positiveside

    ReplyDelete