Comments on: Its not so peachy yet for Nifty https://www.cashthechaos.com/its-not-so-peachy-yet-for-nifty/ Mon, 04 May 2026 19:30:45 +0000 hourly 1 https://wordpress.org/?v=7.0 By: RAGHU https://www.cashthechaos.com/its-not-so-peachy-yet-for-nifty/#comment-418 Sat, 17 Jul 2010 11:15:16 +0000 http://www.cashthechaos.com/blog/?p=300#comment-418 sorry, jai pardon me

signal gets void only if we have close above on 5399 on monthly charts, that is this month .
there are supportive indicators which are having divergence.

9th july on daily charts we broke a small triangle which has target of 5527-5535.

on monthly charts we have spiningtop candle formed on 29-feb 2008 whose high was 5545. this can act as resistance.
there is a possibilty we can go touch these target in next 10 trading days and retrace back to close below 5399.
so this can be a potential false breakout .

]]> By: Jai https://www.cashthechaos.com/its-not-so-peachy-yet-for-nifty/#comment-417 Thu, 15 Jul 2010 08:11:19 +0000 http://www.cashthechaos.com/blog/?p=300#comment-417 In reply to RAGHU.

That is true Raghu but we are above that high in Local currency(INR). So that signal has been rendered void. We need to act on fresh signals.

]]> By: RAGHU https://www.cashthechaos.com/its-not-so-peachy-yet-for-nifty/#comment-416 Thu, 15 Jul 2010 07:01:18 +0000 http://www.cashthechaos.com/blog/?p=300#comment-416 MAY MONTH ON MONTHLY CHARTS, CANDLES SHOWED BEARISH EVENING STAR PATTERN. WHICH IS TREND REVERSAL CANDLE

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