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we forgot about horizontal channel 5640-5720 but nifty won't
Nifty re entered in its horizontal channel ....here we can spot three channels
horizontal channel
falling channel
upward slanting channel
Nifty is trading above horizontal channel but below falling channel with 2 upper kisses and 2 lower touchings ...
if nifty will unable to breach falling channel upper limit we may see selling pressure tomorrow which will move nifty towards lower end of horizontal channel .
if nifty will break these upper lines we may see huge short covering and nifty will move towards 5800 and above ..
possibility . nifty may stay in horizontal channel ...
.png)
same chart with bottom trend line and horizontal channel.
.png)
It was posted on Nov 10 here http://www.dhanvarsha.in/2012/11/5640-5720-channel-pulled-nifty-back-in.html
5640-5720 channel pulled nifty back in range
volatility increased -next level may be 5600 or below as per red line
send add request to
kailash123p@yahoo.co.in
we forgot about horizontal channel 5640-5720 but nifty won't
horizontal channel
falling channel
upward slanting channel
Nifty is trading above horizontal channel but below falling channel with 2 upper kisses and 2 lower touchings ...
if nifty will unable to breach falling channel upper limit we may see selling pressure tomorrow which will move nifty towards lower end of horizontal channel .
if nifty will break these upper lines we may see huge short covering and nifty will move towards 5800 and above ..
possibility . nifty may stay in horizontal channel ...
.png)
same chart with bottom trend line and horizontal channel.
.png)
It was posted on Nov 10 here http://www.dhanvarsha.in/2012/11/5640-5720-channel-pulled-nifty-back-in.html
5640-5720 channel pulled nifty back in range
volatility increased -next level may be 5600 or below as per red line
Daily chart showing long red candle
.png)
Weekly Nifty chart is showing long legged red shooting star
.png)
.png)
Weekly Nifty chart is showing long legged red shooting star
.png)
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