Wednesday, November 28, 2012

Crouching Bull Hidden Bear

Dear All,

>Click the chart to see on full screen<

Pattern seems like a Bullish Flag, and a Break above the channel as shown on chart shall confirm the break out.

Once Break out done may give a 600 Points Rally from 5740 which is exactly the height of the Pole.

Since Price able to move and close above 20dsma and 50dsma on Friday signaled a Positive move in coming days too.

Lets see!!! Cheers!!!