| View previous topic :: View next topic |
| Author |
Head and shoulder in Nifty spot |
ktpillai
White Belt
Joined: 23 Nov 2007
Posts: 95
|
Post: #1  Posted: Sun Jun 19, 2011 8:30 am Post subject: Head and shoulder in Nifty spot |
 |
|
| Does the formation in Nifty spot qualify for being called Head and Shoulder?Friends please comment |
|
| Back to top |
|
 |
|
| |
Juan_Belmonte
White Belt
Joined: 12 Apr 2010
Posts: 6
|
| Post: #2 Posted: Sun Jun 19, 2011 9:30 am Post subject: |
|
|
| yippie till it breaks the neckline near 5300. |
|
| Back to top |
|
|
casper
Green Belt
Joined: 02 Oct 2010
Posts: 1315
|
| Post: #3 Posted: Sun Jun 19, 2011 10:10 am Post subject: |
|
|
hi kt pillai sir
yes according to my knowledge is a h/s
but plz note that apart from the "neck line" (trend line 1) we have another tl (tl 2) supporting this pattern
bcoz of this confluence of trend lines, plz expect strong support here which is really tough to break, but if broken any way, is liable to provide excellent down moves |
|
| Back to top |
|
|
|
|
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You cannot attach files in this forum
You cannot download files in this forum
|
Powered by phpBB © 2001, 2005 phpBB Group
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
