Nifty is still trading below the upper trend line of the Wedge pattern. It touched the trend line and fell from that sharply in the second half of the session yesterday. Nifty has further downside if it sustains in the pattern.
Tuesday, August 26, 2014
Nifty 26 Aug 2014 10:08 AM
Nifty is still trading below the upper trend line of the Wedge pattern. It touched the trend line and fell from that sharply in the second half of the session yesterday. Nifty has further downside if it sustains in the pattern.
Wednesday, August 20, 2014
Nifty 20 Aug 2014 4:32 PM
Nifty is trading in rising wedge pattern on weekly chart as seen in the chart. Today it opened at 7922 where it met with upper trend line of the wedge and then fell from it to close in the red at 7875.
Whenever Nifty met with the upper trend line it fell to touch the lower one (their contact points shown with arrows).
Tuesday, August 19, 2014
Nifty 19 Aug 2014 9:20 AM
Nifty above our decider level of 7750 ( strong support shown with thick yellow line) is bullish making higher highs. but remember bull markets die on EUPHORIA.
Thursday, August 14, 2014
Nifty 14 Aug 2014 12:32 PM
Nifty faced resistance near 7750 yesterday but managed to recover days losses at the end and today it broke 7750 (thick yellow line) which should act as a strong support downside and if held the level then nifty may touch its life time high levels again.
Wednesday, August 13, 2014
Nifty 13 Aug 2014 11:11 AM
Nifty facing resistance near 7750 (thick red line) which is an important level to look for.
Friday, August 8, 2014
Nifty 8 Aug 2014 9:30 AM
Nifty has opened gap down below the level of 7600 which was acting as a base in the uptrend (as shown in the chart). Which indicates further downside if sustains there. On 5th August, it touched resistance at 7750 (thick red line) but failed to cross it, which as mentioned in earlier posts is a decider level.
Subscribe to:
Posts (Atom)