Friday, May 29, 2009

Update: Symmetric Triangle in Essar Oil

Update on Symmetric Triangle in Essar Oil posted on 28th May:
Today Essar oil gave a break down with wide spreads and big volumes, and after the break out volumes increased drastically and priced dropped due to the thrust developed in the pattern. 

Below is the latest chart of Essaroil:



Below is the clear view of the breakdown:


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