Wednesday, June 24, 2009

Update: Ascending Triangle in Nifty - June 24th

Update on Ascending Triangle in Nifty. Ascending triangle breakout was confirmed with good volumes, but after that Nifty saw stiff resistance near Channel resistance line. A clear increase in volumes are visible after the break out, which signifies accumulation and supoprts the Ascending Triangle's breakout. Nifty may reach the target of the Ascending Triangle 4390 levels, when the Channel resistance is broken up. Will update the macro view on Nifty as usual later tonight. Below is the 5 min chart of Nifty Futures:



Update on June 27 10:30 PM:
Target for Ascending Triangle is reached on 26th June. Below is the 5 min chart of Nifty Futures:

3 comments:

Unknown on June 24, 2009 at 9:27 PM said...

Hi...DOJI

Once again Nifty on your Target Way...

DOJI,
I want to request you somethig
and that is,
Please Update your Daily Performance also means update what u did today and why means seeing which Pattern with Charts,this would be Highly Helpful for all even for Beginners...


Thanks and Please Mark my Words

Doji (Blog Author) on June 25, 2009 at 8:46 AM said...

Manoj,
What every I am putting on the blog right now itself is taking too much time and I do not want to overload myself with additional work :) Hope you understand.

-Doji

Unknown on June 25, 2009 at 12:35 PM said...

YA DOJI,

I can understand but my wish is Just the Charts and the calls u taken, not in deep detail needed

Thank You

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