RISING WEDGE and its IMPACT


Nifty is struggling to move past 5310 after it marked this high on 06/Jan/2010 in the last 9trading days there is some tiredness shown by the Index.

On 27/02/2008 Nifty made a high of 5368 and after 459trading days 5368 seems to be very big resistance to cross.

Now Nifty has made a rising wedge in a rising market which is normally bearish but we have odds when in rising market rising wedge has given good returns also

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)
Disclaimer: "It is assuming that all Traders and/or Investors are well known of the fact that Investment are subject to market risk and no responsibility will be taken either by the author or writer of the blog content whether direct, implied or consequential for any losses or profits that may occur as a result of trading with the calls provided in this blog.."