Nifty forms Mini Bottom, Make longs affordable!!
Date: 1st July 2014
- Nifty has formed Mini Bottom at 7500 when it closed above 7580 on last Monday
- This was Double top buy signal triggered after column ‘O’ took support exactly at previous column lower box value
- Nifty has also formed 6 column Bullish Bear Trap pattern with this
- Upside counts shown in Figure 2 and 3 have got activated
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| Figure 1: Nifty 10 x 3 CL Point and Figure Chart |
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Figure 2: Nifty 10 x 3 cl Point and Figure Chart
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| Figure 3: Nifty 10 x 3 HL Point and Figure Chart |
- Prashant Shah, CMT, CFTe
Disclaimer:
All information provided above is for general information purposes only and does not constitute any investment advice. Company or Author shall not be liable for loss or damage that may arise from use of information provided above. The report is purely for information purposes and does not construe to be investment recommendation/advice or an offer or solicitation of an offer to buy/sell any securities. The readers of this material should take their own professional advice before acting on this information.
All information provided above is for general information purposes only and does not constitute any investment advice. Company or Author shall not be liable for loss or damage that may arise from use of information provided above. The report is purely for information purposes and does not construe to be investment recommendation/advice or an offer or solicitation of an offer to buy/sell any securities. The readers of this material should take their own professional advice before acting on this information.
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