Daily Chart
Half Hourly Chart
Nifty made a higher high and lower low thus making an Outside Day pattern which could lead to a reversal.Negative divergence on OBV and daily oscillaotrs persist.The green wedge shown on half hourly charts was broken and could lead to a test of the low made last Friday at 5342. Support at 5382-5393.
The downtrend channel breakout target of 5440 was achieved today.
follow me on twitter http://twitter.com/#!/lucksr
Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
No comments:
Post a Comment