Saturday, July 22, 2006

nifty possible hs


nifty looks to make an head and shoulder pattern with neckline on 2930 if broken comfortable can see 2800 in nifty trade accordingly.
cheers
rish

7 comments:

rakesh said...

you have made me learn tech analysis if i grow credit to you

bhavesh jashvantlal naik said...

hello rish, it is a double-top confirmed, pl. do not mix up patterns,for h&s u need a sharp top ,it should be like a vertical line making a top,and not like this,mind u ,nifty cam still meet your target levels ,still do not consider this as h&s pattern....bhavesh naik..continue your good works..

Anonymous said...

this is not a proper pattern ,,,,,which u have unnecsaary drawn,,,,just for the sake of ,,,pattern,,,,it is sure there is a downtrend coming,,,,,since sensex will now come to fulfill its gap at down levels which it has left,,,,,,

Anonymous said...

Oh well that's a double top, not a head and shoulder!

Anonymous said...

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Anonymous said...

Here are some links that I believe will be interested

Anonymous said...

Really amazing! Useful information. All the best.
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