It is a bearish pattern The Stop loss for this pattern in 5432 and 1 target is 5322 and next target is 5250
June 24, 2011
Bearish Bat Pattern in NS Hour
It is a bearish pattern The Stop loss for this pattern in 5432 and 1 target is 5322 and next target is 5250
Trading range between 5280-5360
The Neckline Tested in nifty Day chart with a Bullish engulfing pattern which needs a followup with todays price action
![]()
The Bearish flag in Hour chart will give a breakout above 5335 and will be met with resistances at 5345-5360. An Hourly close above these levels would be an indication to hold longs for intraday and a Day close above these levels would be an indication to hold Longs positionally
![]()
Action Plan for Today
![]()
The Bearish flag in Hour chart will give a breakout above 5335 and will be met with resistances at 5345-5360. An Hourly close above these levels would be an indication to hold longs for intraday and a Day close above these levels would be an indication to hold Longs positionally
Action Plan for Today
June 23, 2011
Butterfly pattern again!!
Today again a butterfly pattern is developed in 5min NF charts the initial target being 5310 and the second target is 5270-65
June 22, 2011
Nifty Long term support
Nifty on a Long term support. Breaking of the low of 5195 will lead to severe downfalls!!!