Nifty Hourly chart -
H & S breakout above 7860 for a target of 8150.
Days move can be termed as a bullish flag.
H & S breakout above 7860 for a target of 8150.
Days move can be termed as a bullish flag.
September 11, 2015
Nifty Hourly (Modified) Channel - 11/09/15 9.00 am
And if sustains above 7700, next week can be above 8100.
September 10, 2015
7700 crucial for Nifty
Nifty could not cross 7850 yesterday. It broke down today making a "ISLAND REVERSAL" pattern. But managed to fill the gap created in the opening trade. So the pattern is no more important now. If it is able to hold 7700 today and tomorrow, it should be above 8100 soon.
Below 7700, Nifty can touch 7500 in its last attempt to shakeout bulls.
Below 7700, Nifty can touch 7500 in its last attempt to shakeout bulls.
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