Thursday, September 3, 2009

Symmetric Triangle in RelCap - 3rd Sep 09

RelCap chart - Daily Marked with Symmetric Triangle:
Relcap formed a Symmetric Triange in daily charts, break out or breakdown with volume confirmation may give Rs.270. Volumes have increased before the breakout. If breaks out happens 1000 is the initial target for this.

RelCap chart - Daily Marked with Retracement Ratios:
Relcap formed this symmetric triangle with good harmonic retracements, I have marked them in the above chart.

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