Update : United Phosphorous Ltd

United Phosphorus reached its target given in this post .

United Phosphorus Ltd

United Phosphorus has broken out of flag pattern,the stock could now target 135 in coming days.

Bank Nifty

Bank Nifty is forming Flag & Pole pattern ,close above 11600 with volumes can take bank nifty to 13000 in coming months.

S&P : Flag & Pole

S&P has formed a flag and pole pattern on daily chart with a target of 1220-1213.
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Update on 11/06/12


Pattern failed

Atul

Atul is showing bullish flag and pole pattern with a target of 253...pattern invalidates on close below 210.

Nifty : Bearish Flag?

Nifty has formed bearish Flag on daily chart........if nifty breaks down below 5450 with good volumes then it could test February lows.

Update : Cipla

Cipla reached target given in this post .

Cipla : Bearish Flag

Cipla made a bearish flag which could take the stock to 318.

Nifty : Bullish flag

Bullish flag has formed on nifty hourly chart which could take nifty to 5300-5325 so one could go long in nifty but if nifty starts moving sideways or enter again in flag area then one should exit longs taken based on this pattern.

Update : Nifty Bearish Flag

Nifty bearish flag target given in this post almost reached as nifty made a low of 5160 today.

Nifty : Bearish Flag

Nifty has formed bearish flag on hourly chart,if 5246 is broken with volumes it could target 5150.

Update : Bullish Flag in Nifty

Pattern Failed

Nifty : Bullish Flag

Nifty has bullish flag with target of 5000 if upper trend line is broken with volumes.

Update : Bullish Flag in nifty

As expected looking at overlapping pattern failed.

Nifty : Bullish Flag

Bullish flag has formed in nifty 5 min chart with target of 4880-4890.
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Update at 2:10pm
Pattern showing some weakness.
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Update at EOD
Overlapping effecting the quality of pattern.

Intraday Post

Nifty has formed bearish flag , break below 4900 with volumes could take it to 4850.

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Update at 1:10 pm


Target missed by 20 points.

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.

Nifty

Here is another possibility in nifty, nifty has been moving in a parallel downward moving channel for past three days and thus look like forming flag and pole pattern, if nifty does not drift down further and is able to breakout of upper trendline then it could target 5360.

Nifty:Flag and Pole

Flag and Pole pattern could be seen in nifty hourly chart which could take nifty to 5400, however one thing to be seen is that too much of sideways move would decrease the quality of pattern and thus chances of reaching its target.

20Microns

Flag and Pole pattern has formed in 20microns chart and yesterday it gave a breakout from the flag so it could now target rs 59.