This blog is my trading diary. It is an attempt to organise my analysis and thoughts. I follow the charting methods given in JUST NIFTY blog by Ilango sir and so the charts would have striking resemblance to his charts. I am indebted to Ilango sir for having made this blog possible for me.

November 20, 2013

NIFTY ANALYSIS - Bullish and Bearish patterns

Nifty found support at 5970 levels as mentioned in the earlier post and has rallied upto 6210 - 61.8% retracement - the Golden Ratio.

Currently in Day charts both Bullish and Bearish Patterns are in the making.

Bullish Scenario:

DAY Three Drive Pattern Chart:


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