Daily Tryst with Nifty

[MurAtt]

Does it nt look like a Pole Flag formation, 2 days solid upmove of 300 pts making it a pole and then todays move being flag, and this current breakout.

If yes, then tgt 4600 ...

Enjoy ...

 

[TraderInTheZONE]

Yeah!! It exactly appears like Pole & Flag if you look at 30Min or 60Min timeframe

 

[WOD]

does it nt look like a pole flag formation, 2 days solid upmove of 300 pts making it a pole and then todays move being flag, and this current breakout.

If yes, then tgt 4600 ...

Enjoy ...

+1..........

 

[lazytrader]

mkt slipping any bad news or someone knows inflation and outcome of power minister and Finance minister????????????????

Looks like the bulls are getting weaker...

All lower highs and lower lows on 5 min........Also ma 3,8 and 13 are downward sloping....if 4250 is broken then selling my CE 4400 and buying PE...

Bears are on the prowl...

 

[praveen taneja]

just wait for a break of 4242 in spot and let it there for at least 5 mnts:thumb:
still choice n profit loss urs
sometime watever we see is not there
I will wait for a break of 4180 before booking my long
tgt is still 4400 but even 4350 will b ok wont mind

:clapping::clapping::clapping:
Jai Ho

 

[Sunil]

Coupled with an Outside bar in 60min

 

[WOD]

What the hellllll was that? Did anyone of the seniors saw that coming? Please guide us how to spot these kind of movments...

I have got hurt enought times because of these wild moves.......a good trend gets established then suddenly WRB in opposite direction comes.......

 

[praveen taneja]

Looks like the bulls are getting weaker...



Bears are on the prowl...

mkt is safe untill it close below 4180 again n a close above 4242
Tumhin ne dard Diya hai tumhi dawaa dena:thumb:

 

[rider.royal]

looks like close has to be above 4242 for upmove to continue for sometime atleast...

 

[rider.royal]

BTW, someone knows any reason for such sudden down movement??