Half Hourly Chart
Daily Line Chart
The rising wedge target of 3850 is valid till the top of 5150 is taken out on a closing basis.
Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
Thursday, November 12, 2009
Reigning The Nifty - 12th November, 2009
Huge bullish candle on ok volumes. The support of 4830 has held well. In fact the Nifty did a U turn from 4860 and went up without any mentionable corrections.The target now is 5145 of the inverse head and shoulders which I have been mentioning since a few days.The move from 4538 is within an upward sloping channel. .All half hourly oscillators are in the oversold zone. So look for resistance from this channel is at 5036-5080
Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
Subscribe to:
Post Comments (Atom)
2 comments:
So, weekly closed below 5036/80 is a shorting zone with SL of 5150?
And thanks for the good chart that 3850 is still valid..
Regards
Yes you could.
Post a Comment