Tuesday, 30 June 2009

Nifty Fifty - Possible head and shoulders top


This set up is actually better seen by looking at the Sensex as the neckline was tested as resistance today just perfectly, but I do not have access to the data today! In any case there appears to be the potential for a head and shoulders top with a target back at the 3600 region close to where I initially targeted. It should be initiated on a push below the neckline or 4143.25 to be sure. This is the scenario that I favour, so good luck to all those who have a go!

1 comment:

  1. Snce I started to follow this blog, I have cancelled the subscription to an investment magazine.

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