Friday, July 6, 2012

Heikin Ashi Candle Analysis of Nifty for 05-07-2012


Candle formation for Nifty on 05-07-2012 – Hollow candle without any lower shadow. This indicates a strong up trend. Let the profits ride!

Heikin Ashi candles on hourly chart also formed hollow blue candle without lower shadow. This indicates strong up trend. Yesterday’s chart shows how beautifully the candles provided support & resistance. I have marked them in the hourly Heikin Ashi chart

Nifty Heikin Ashi Daily chart:

Nifty Heikin Ashi Hourly chart:


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