Saturday, June 5, 2010

TRENDLINES AS ON 5.6.10

look at chart . it will help to trade in coming days.
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update as on 7.6.10 at 4.30 pm

inverse H n S pattern invalid due to break of neck line today.

due to weak global markets we have corrected and broken rising wedge. we have gone below green trend line that was giving support. now green T line will be giving resistance and lower dark T line will be our support. for tomorrow 5050-5100 will be resistance zone and 4961 is a stop loss for long positions as per 1-2-3 pattern which was last higher low.