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NIFTY WEEKLY --ENDING DIAGONAL PATTERN |
manu_5123454
White Belt
Joined: 22 Oct 2009
Posts: 91
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Post: #1  Posted: Sat Aug 17, 2013 3:26 pm Post subject: NIFTY WEEKLY --ENDING DIAGONAL PATTERN |
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Short term we could see a consolidation pattern in daily chart where most of the stocks are oversold so more probability is there we could see a bounce back from 5400 levels to 5800 levels again.
For confirmation we have to wait another trading days-- For bull ,need to be a bullish candle ( hammer,inverse shooting star,doji,spinning top ) after a long bear |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #2 Posted: Sat Aug 17, 2013 3:36 pm Post subject: |
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Looks very good to me. The [recent] butterfly calculation + market insight [when 5480 breaks all shall go bearish] supports this prognosis.
Any preferred stocks in mind (even now?) [in terms of likely downside targets] to be bought over the next 100 points down in Nifty. |
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