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Nifty H&S |
Agbhai
White Belt
Joined: 25 Apr 2008
Posts: 58
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Post: #1  Posted: Thu Jun 03, 2010 1:33 pm Post subject: Nifty H&S |
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Hi
Nifty chart suggest a head and shoulder in making with the present momentum being positive can take Nifty to 5300 levels(Left Shoulder Highs) which might act as a Resistance for the current rally(As Right Shoulder).A retest/break below the neckline (around 4800) would signal completion of Head and Shoulder pattern.If H&S pattern materializes, the lower targets for Nifty is around 4000 levels.
Regards
Vishal |
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