Re: [Technical-Investor] NIFTY, RELIANCE & SHANGAI - ANALYSIS

Bullish engulfing patterns are normally more reliable after an extended fall --- On Sun, 22/11/09, Balaji Jayaraman <bctbalaji@gmail.com> wrote: From: Balaji Jayaraman <bctbalaji@gmail.com> Subject: [Technical-Investor] NIFTY, RELIANCE & SHANGAI - ANALYSIS To: Technical-Investor@yahoogroups.com Date: Sunday, 22 November, 2009, 4:12 PM   NIFTY ANALYSIS – Bullish Engulfing Pattern       RELIANCE ANALYSIS - Bullish Engulfing Pattern         CHINA WEEKLY CHART:   The Shanghai Composite Index has been the out-performer last week closing almost 4 per cent higher. This index has also moved past the intermediate term resistance of 3,164 last week implying that it could now retest the next impediment at 3,500

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