Falling wedge pattern indicates a top of 2841. A reversal from this level indicates continuation of this pattern and the target is around 2513. However two or three consecutive closes above this level will negate this pattern. Trade accordingly.
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Thursday, March 19, 2009
NIFTY CHART AS ON 18TH MARCH-FALLING WEDGE
Falling wedge pattern indicates a top of 2841. A reversal from this level indicates continuation of this pattern and the target is around 2513. However two or three consecutive closes above this level will negate this pattern. Trade accordingly.
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