Falling Channel Break Out
Nifty-EOD Chart(28-Nov-2011):-
Technical Patterns and Formations in EOD charts
1- 3 Sessions consolidation at lower levels
2- Falling Channel Break out
Conclusions
Last 14 days falling channel break out today after 3 sessions consolidations and it is strong bullish indication therefore continuation of previous week rally will be seen in this week.
Nifty-EOD Chart(28-Nov-2011):-
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1- 3 Sessions consolidation at lower levels
2- Falling Channel Break out
Conclusions
Last 14 days falling channel break out today after 3 sessions consolidations and it is strong bullish indication therefore continuation of previous week rally will be seen in this week.