Nifty-EOD Chart(03-Feb-2012):-
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Technical Patterns and Formations in EOD charts
1- Correction begun from 6338 on 05-11-2010
2- Lowest of 13 months correction at 5431.15 on 20-12-2011
3- Gap down opening on 05-08-5011 with intraday high at 5229
4- 123 sessions sideways market after gap down opening on 05-08-5011
5- Bullish 'W' formation at the bottom of 13 months correction.
Conclusions from EOD chart analysis
Strong indication of 13 months down trend reversal through Bullish 'W' formation at the bottom of 13 months correction.