General Trading Chat

[vishnu_1990v]

Just My Views


Patterns are best observed and valid on higher time frames.

The chart you have posted is a "1" minute chart.

Also for others to comment , you should highlight the scrip name, for their own analysis.

amitrandive,
Thnks for replying. Scrip Name : Nifty Future.
Yes its a one minute chart.
Will look from now on on higher time frames for patterns.
vishnu_1990v

 

[vishnu_1990v]

Just learn chart patterns with rules...try to learn difference between flag and pennant

XRAY27,
Thnks for replying.
Many things to learn from market.
vishnu_1990v

 

[amitrandive]

amitrandive,
Thnks for replying. Scrip Name : Nifty Future.
Yes its a one minute chart.
Will look from now on on higher time frames for patterns.
vishnu_1990v

A good pattern on the hourly Chart

 

[TraderRavi]

As i always believe - derivative positions pehle banti hai, news baad mei :thumb:

forget Raghu uncle now , 2 weeks to climb for nifty after that janet aunty can pull it down , so hurry up. :lol:

 

[timepass]

oye TP , tumhare itne sare buyers kahan gaye , public ko ullu banate ho galat salat image post karke. I will sue/report you in juvenile board

They are still there, waiting for your SL to be hit

 

[TraderRavi]

They are still there, waiting for your SL to be hit

you are very naughty

 

[vishnu_1990v]

Flags and Pennants
Source : www.investopedia.com

The Flag
The flag pattern forms what looks like a rectangle. The rectangle is formed by two parallel trendlines that act as support and resistance for the price until the price breaks out. In general, the flag will not be perfectly flat but will have its trendlines sloping.

Figure 1: The flag pattern.

The Pennant
The pennant forms what looks like a symmetrical triangle, where the support and resistance trendlines converge towards each other. The pennant pattern does not need to follow the same rules found in triangles, where they should test each support or resistance line several times. Also, the direction of the pennant is not as important as it is in the flag; however, the pennant is generally flat.

Figure 2: The Pennant
vishnu_1990v

 

[amitrandive]

When to sell a stock?

 

[timepass]

Is this a double top or triple top on nifty (spot) ??

 

[vishnu_1990v]

ST DA,
Is this a virtual high on both chart 1 and chart 2, pls reply.
3 min chart NF today's.
chart 1

chart 2

vishnu_1990v