Nifty-EOD Chart (13-Apr-2012):-
Technical Patterns and Formations in EOD charts
Lower Tops and Lower Bottoms Formation
T1(5629.95)
T2(5499.40)
T3(5378.75)
B1(5171.45)
B2(5135.95)
Correction is on and its completion is required yet. As lower tops and lower bottoms formations in on going correction therefore new bottom B3 formations possibility below 5135.95 can not be ruled out in the coming week/weeks.
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Lower Tops and Lower Bottoms Formation
T1(5629.95)
T2(5499.40)
T3(5378.75)
B1(5171.45)
B2(5135.95)
Conclusions from EOD chart analysis
Correction is on and its completion is required yet. As lower tops and lower bottoms formations in on going correction therefore new bottom B3 formations possibility below 5135.95 can not be ruled out in the coming week/weeks.