Hourly Chart of Nifty is showing a Symetrical Triangle and the movement of Nifty is reaching at the last zone of the triangle to take a clear direction Upside above 5935 and downside below 5790. If it goes Upside then a tgt of 6100-6150 may be possible but if it goes downside below 5790 then a deep down move will be seen tgt 5550, 5350.Wednesday, April 27, 2011
Nifty in Triangle : Breakout or Breakdown ?
Hourly Chart of Nifty is showing a Symetrical Triangle and the movement of Nifty is reaching at the last zone of the triangle to take a clear direction Upside above 5935 and downside below 5790. If it goes Upside then a tgt of 6100-6150 may be possible but if it goes downside below 5790 then a deep down move will be seen tgt 5550, 5350.
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