Discussion in 'Technical Analysis' started by joy_verma, Dec 30, 2005.
Looks like an ascending triangle on intraday charts on sensex. a break of 9350 will be crucial
breakout complete . If 9350 level is sustained ascending triangle target of 9450 possible
Ascending triangle breakout on intraday chart(in fact a five day consolidated chart) at 9350 was genuine and the high on sensex was 9427.23 just shy of 9450 . Thereafter sensex pulled back.So that was the
beauty of technical analysis and an eye opener for those who think technical
analysis do not work.
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