Monday, February 22, 2010

Nifty Weekly Patterns

ANAS asks:
''is nifty making a making an ASCENDING CONTINUATION TRIANGLE on WEEKLY charts , from may 09 till date.??'' I request your kind comment."

My Notes:

I am giving the weekly chart for the Nifty. With some regret, I have to say that I could not identify such a pattern. Have a look at the chart.


4 comments:

ANAS said...

Thank You Sir for correcting me . I am grateful for your comment. Bye.

NITIN DAMLE said...

I think ASCENDING CONTINUATION TRIANGLE is being formed on daily charts of nifty.
Nitin Damle

CHIRANTAN said...

Sir,
How can I understand the market is trending or trading?.. please tell me if any indicator.I am using Metastock.
Thanks & regards
Avijeet

Jazz said...

this can be an example of ascending triangle ...

http://img7.imageshack.us/img7/5113/herohonda.png