On 12 June we discussed various trading pattern here http://kolhapuritrader.blogspot.com/2011/06/trading-patterns.html . In this post it has been mentioned that if CNX IT CLOSES BELOW NECK LINE OF HEAD AND SHOULDER ON WEEKLY CLOSING BASIS IT WILL TARGET 5600, SEE THAT AT THAT TIME IT IS TRADING AROUND 6650.
Now if u observe the chart given below, it closed below neckline in next week i.e. on 17/6/2011 AND SEE THE MAGIC LAST WEEK OUR TARGET OF 5600 REACHED.
PLEASE NOTE THAT WHEN THIS PATTERN NOTED ON 12 JUNE THERE IS NO NEWS REGARDING US DE-RATING! ALWYAS REMEMBER FOLLOW THE CHARTS AND NEWS WILL FOLLOW LATERON!!!
THE NIFTY HAS BROKEN DOWN FROM TRIANGLE WE ARE TALKING SO MANY DAYS SO THE POSSIBILITY OF LIFE TIME HIGH IN THIS FINANCIAL YEAR THAT WE HAVE MENTIONED PREVIOUSLY IS VERY VERY REMOTE NOW AND IT WILL GO DOWN FURTHER, WE WILL MENTION THIS IN DETAIL LATER ON WHENEVER TIME PERMITS.
Now if u observe the chart given below, it closed below neckline in next week i.e. on 17/6/2011 AND SEE THE MAGIC LAST WEEK OUR TARGET OF 5600 REACHED.
PLEASE NOTE THAT WHEN THIS PATTERN NOTED ON 12 JUNE THERE IS NO NEWS REGARDING US DE-RATING! ALWYAS REMEMBER FOLLOW THE CHARTS AND NEWS WILL FOLLOW LATERON!!!
THE NIFTY HAS BROKEN DOWN FROM TRIANGLE WE ARE TALKING SO MANY DAYS SO THE POSSIBILITY OF LIFE TIME HIGH IN THIS FINANCIAL YEAR THAT WE HAVE MENTIONED PREVIOUSLY IS VERY VERY REMOTE NOW AND IT WILL GO DOWN FURTHER, WE WILL MENTION THIS IN DETAIL LATER ON WHENEVER TIME PERMITS.
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