tag:blogger.com,1999:blog-7148222695370746347.post1779942255742210187..comments2023-10-15T17:16:24.091+05:30Comments on Stock Market Charts | India Mutual Funds Investment: Is this a ‘diamond pattern’ which I see before me?Subhankarhttp://www.blogger.com/profile/13248068905130821262noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7148222695370746347.post-86027577476606943522011-05-05T13:29:05.104+05:302011-05-05T13:29:05.104+05:30@Titu: You may be right, but you didn't answer...@Titu: You may be right, but you didn't answer the question about the pattern after the breakout from the diamond.<br /><br />@Suresh: Good observation; your downside target has been met. But the Nifty has fallen below 5550 (which is the mid-point of the 'cup') and has formed a bearish rounding-top.<br /><br />Looks like the 'cup and handle' has been negated, and the Nifty can drop to 5300.Subhankarhttps://www.blogger.com/profile/13248068905130821262noreply@blogger.comtag:blogger.com,1999:blog-7148222695370746347.post-81548584627146806252011-05-01T10:00:27.065+05:302011-05-01T10:00:27.065+05:30Reader Suresh wrote the following comment on Apr 2...Reader Suresh wrote the following comment on Apr 29 '11, but a technical glitch in Blogger didn't allow him to post it:<br /><br />"Subhankarji<br /><br />With whatever little knowledge I have, I think the weekly Nifty chart seems to indicate a 'Cup and Handle' formation since the breakdown from the Diamond pattern. If so, the handle formation could take Nifty down to 5685 or 5575 level.<br /><br />Suresh"Subhankarhttps://www.blogger.com/profile/13248068905130821262noreply@blogger.comtag:blogger.com,1999:blog-7148222695370746347.post-84574981690400504152011-04-28T14:56:33.011+05:302011-04-28T14:56:33.011+05:30Hello Sir,
22100 may be the next target, why? beca...Hello Sir,<br />22100 may be the next target, why? because it is a 127.2% fibonacci level of the down trend from 21000 to 17728, but I think before that we will see a time wise correction<br /><br />it's just a wild guess....<br /><br />-tituAnonymousnoreply@blogger.com