since early april 2009, nifty is moving in a rising wedge pattern(bearish), marked with green oval, with volumes declining and negative divergences appearing on indicators. macd is still below signal but holding the trendline, caution tsl exit 3589 for longs. also again a small congestion marked by blue oval is developing on charts, nifty will brkout from this in a couple of trading sessions and provide direction. one can trade accordingly in the direction of brkout/brkdown.
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Thursday, May 14, 2009
nifty rising wedge and negative div...
Posted by abhay r somkuwar at 6:56 AM
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