Friday, January 22, 2010

Nifty : Flag and Pole


Nifty has formed flag and pole pattern in nifty with target of around 5145. Any move below 5000 would invalidate the pattern.

8 comments:

  1. Dear Renu,
    What would invalidate this flag and pole formation?
    regards
    manoj

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  2. Hi manojag,

    any move below 5000 would invalidate this flag and pole pattern.

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  3. closing below 4970 can negatate the market more to deeper levels i think...

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  4. Hi renu do you still maintain the flag and pole pattern as valid what's your call now

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  5. Hi manoj,

    move below 5000 has invalidated the pattern.

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  6. hi renu ji..
    i am new to TA .from where should i start.i want to take a short for positional too.wht should be the levels to initiate the position and wht will be the stoploss??
    kindly suggest.
    kind regards...
    vicky...

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  7. Hi vicky,

    i would advise you not to take positional short now as i am expecting a decent bounce in 2-3 trading sessions and you should take any short position after that.

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  8. thanks a lot renu ji...would wait for ur levels ti initiate shorts,as i hav waited a lot for these shorts.may i hav ur yahoo messanger id?my yahoo messanger id is vickyjii@yahoo.co.in
    whts urs???
    kind regards....
    vicky....

    ReplyDelete