Thursday, June 17, 2010

A VALID HNS BREAK OUT

WE expect something out of markets, and markets tries to show something else.....we get frustrated only if we couldnt understand, what markets tries to suggest.

luckily,,here in my case..i had my channel and 4960 nifty level, to get breached IF a crash was to come. but,
i found a reversal pattern developing,, way before the RIGHT SHOULDER was even visible..(nifty chart 27-05-2010),,and indeed, theres now a valid head n shoulder developed.

i would wait for a correction..(may be small).on the downside, to get an entry point to go long,, for targets of 5425--5435.

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