HNS Formation on SBI ??

SBI has already formed left shoulder 1817-40 lvl with head formation at 2039 n have bounced from the neckline at 1670 and now moving to form the right shoulder .......lets wait n watch if it does so

Sensex Monthly

This chart n trendlines has been done by My friend Rohit Rastogi ........I have just labeled it , I think have represented A and B wrongly .......I dont know why I have done that but it would be all different market if this works .....watchout for red line shown by Rohit bhai

Extracting Triangle on Nifty ??

Mr Vivek patil is suggesting formation of extracting triangle on sensex chart may form also on Nifty ....will post details later

Head And Shoulder Formation on day chart

Nifty formed HNS pattern on 5 day chart with Double shoulder on left , which arises possibility of touching 4450 ....also another shoulder formation cant be denied if Nifty stays above 4570 [:)]