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Friday, March 16, 2012

INVERTED HEAD AND SHOULDER PATTERN


Formation of inverted Head and Shoulder pattern in ns charts

on 27th feb in a single day ns traded in 5450-5268(pink line) range which formed left of left shoulder of a probable inverted head and shoulder pattern

tomorrow being budget day and expected will be a volatile day, nifty may trade in same chanell forming right of right shoulder(pink line in charts)

probable range is 5338(5325)-5510(5528)

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