Do NIFTY qualify for this pattern??

[sillu_m]

I m attaching nifty chart.....

See the chart.......i m considering this as a symmetrical triangle........which is preparing itself for a vertical BREAKOUT.
Views invited...................

Regards.

 

[wc2007]

I think u did it wrong in D4 phase you should be looking at Nifty around the 5400 Levels by 26th Feb

 

[sillu_m]

today nifty swings in a narrow range after may days......closed near weak support area........so monday is important to watch. as market does not fall much as expected. gapdown opening.......so chances to bounce back on monday....

 

[renu daga]

well..i think ur trinagle is abs rgt..
and nifty will surely come down on monday with gap down(may be) if gloabl cues are bad
secondly the levls for nifty 5018 according to eod chart..and intraday ,,teh previous gap is calling nifty like anything
in intraday chart 60 min a descending traingle is formed ,,,

everyone is expecting budget to bring some good showers/ hope for mkt,,,too much hopes / desires,,,may give too much dissapointment....

renu