Wednesday, August 26, 2009
Raising Wedge in Ranbaxy - 26th Aug 09
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Ranbaxy Chart - Daily:
Ranbaxy formed a Raising Wedge pattern in daily charts, support line is little bit steeper in my view, but it is still tradable. Now it is at the resistance line, short trade can be taken when it gives breakdown with confirming volumes.
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3 comments:
Hi Doji,
It would help if you will post an update on Ranbaxy rising wedge pattern along with an updated chart
regards,
Doji
In Nifty spot daily chart - 10th Sept bar is a gravestone doji not dragonfly.
Bee
Hi Bee,
Thanks for correction.
-Doji
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