Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, July 30, 2014

Reigning The Nifty

5  Minute Chart 

 Bearish patterns galore ! Expanding triangle which seems to have started a downleg. Notic how each downleg started off with a  bearish head and shoulder pattern, the latest one with neckline already broken ! The return failure -- failure to touch the resistance line of the expanding triangle -- indicates bearishness too .

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Happy Trading !!

Lakshmi Ramachandran