sandeep6883

Down Flag formation on weekly graph

Short
sandeep6883 Aggiornato   
NSE:NIFTY   Indice Nifty 50
Green Line & Red Line are cloth of the flag.
Height of Pole = ~4700
Potential target = 5450 & 5300 (Yeah, looks unrealistic but... that's what the technical charts say)
Based on the duration of flag formation... We should reach this by mid June.
Commento:
Another approach of target calculation suggests taking pole height in %ge.
There fore the fall from pole's bottom of ~12200 to pole's top of ~7500 = 38%
The green line's intersection with breakout candle will be new bottom i.e. 10000 and fall of 38% from there gives another target of 6200... the duration however remains the same.
Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.