MY ANALYSIS

Friday, 23 December 2011

nifty weekly


WEEKLY CHART
There is two H&S in chart.


In FIRST H&S- The neckline is up slanting. Price break the neckline at 5282 and made the new low 4728. Because of double bottom price start up move and retest neckline at 5390.


In SECOND H&S- The neckline is straight. See the candle of this week which is trailing just at neckline.




TARGET OF FIRST H&S- 4250


TARGET OF SECOND H&S- 3300