Daily Chart
Half Hourly Chart
Consolidation day forming a triangle. Daily Macd has moved into positive territory .Nifty closed above the 61.8% retracement for the second day increasing chances of a test of 5310.
Book profits with pattern targets, pointed out earlier, in mind.
Stop loss can be increased to 5050.
Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
2 comments:
resp madam is it descending triangle in your half hour chaRT,if so then it had bearish implication.
not exactly. so would like to treat it as equilateral
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