On friday nifty did breakdown from ascending broadening wedge formation but the breakdown was not convincing so let us watch follow through action on monday.
Showing posts with label Broadening Formation. Show all posts
Showing posts with label Broadening Formation. Show all posts
Sunday, January 10, 2010
Update : Nifty Ascending Broadening Wedge
On friday nifty did breakdown from ascending broadening wedge formation but the breakdown was not convincing so let us watch follow through action on monday.
Wednesday, January 6, 2010
Nifty : Ascending Broadening Wedge
Ascending Broadening wedge is formed on nifty hourly chart, if lower trendline is broken (which as of now stands at 5225-5230) with good volumes nifty could target 5125-5135 levels.
Tuesday, October 27, 2009
Nifty
Today Nifty gave a breakdown from broadening formation whose target comes at 4746 but Nifty has a strong support @ 4794 (chart below).
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