Wednesday, August 26, 2009

Symmetric Triangle in GMR Infra (Daily TF) 26th Aug 09

GMR Infra Chart - Daily:
GMR Infra formed a good harmonic Symmetric Triangle in daily charts, today it formed a bullish wide spread bar with high volumes but it didn't break the resistance line with confirmation. Will add longs to my present holdings, if it gives another big up move tomorrow above 146. One must watch out for a breakout with confirming volumes to enter the trade.

P.S : that is why I was waiting for 146 to book my 25% profits in intraday, but it didn't happen.

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