Tuesday, September 08, 2015

Break Out or a Trap - ?!?!?!

Dear All,

>>> Nifty Hourly Chart <<<

>>> click the chart to see on full screen <<<

It looks like a Falling Wedge Break out, If holds - Expect the rally to continue tomorrow also. We are long.

>>> Bank Nifty Hourly Chart <<<

>>> click the chart to see on full screen <<<

Clear Break out from the wedge. Price if crossed 50HMA - then expect a good rally and short covering on card.

>>> SBIN <<<

>>> click the chart to see on full screen <<<

SBIN - One more break out from falling wedge. Expect more rally and short covering tomorrow also. Cheers!!!