InsiderB

Nifty : Very Simple, Very Effective !

NSE:NIFTY   Nifty 50 Index
Well, I broke My vow bcos of the Nifty pattern formation. I wanted to share with you guys as it will help you whats in Nifty for today to get better understanding, so I broke My vow & posting back !

We have very simple descending triangle in Nifty and whichever side it breaks out is our entry direction. Usually this triangle breaks to downside but lets see what happens now. Any direction breakout we are entering and you should be quick to reverse on false breakouts.

Happy Trading !
Comment: Half of the day gone within 50 points range !
Comment: Game On !
Comment: Pls Not a false breakout,Do us a favor Nifty !
Comment: There it goes as false breakout
Comment: Double Bottoms On, Just take care :
Comment: The follow up, Next post here :

Comments

I THINK IT WAS AN ENDING DIAGONAL PATTERN
+1 Reply
InsiderB VijayGeorge
@VijayGeorge, Didn't check for tat, just kept as triangle...
Reply
GREAT
+1 Reply
thanks,
Reply
InsiderB AMBRISH
@AMBRISH, Honestly, I missed your comment yesterday, Good Morning Boss :)
Reply
AMBRISH InsiderB
@InsiderB, so do i missed your charts, i am stuck due net problem.
+1 Reply
Hi, Thanks for chasing this down till last minute. I can't explain how soothing that last green candle is looking to my eyes. With that UP arrow is like music to dreams ;-). Hope all remains same at global fronts tonight. Will be so happy to see that gap-up :)
Reply
InsiderB dev_trader
@dev_trader, Yeah, we are expecting based on chart patterns formed, everyone of Us expecting that to happen bcos who says no to make some money :)
Reply
dev_trader InsiderB
@InsiderB, Yeah... Specially those who already lost some $$$ :). Keep posting sir - it helps.
Reply
its like a tripple bottom
Reply
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