Long

Updated

Nifty 50 daily Pole and Flag pattern setup

Hello my dear trader friends
i hope u all are doing well in your trading

My previous posted Nifty analysis is sell trade
on indicator based ema 5 crossing down ema 21 is a sell

but now we can see a pole and flag pattern is visible on nifty
so i am posting now this pole and flag setup on nifty
please check

Buy if daily close above 19500

stop loss 19100

target 20800

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i am not a Certified registered analysist
this is just my observation for practice and learning purpose of chart reading,
Must take advice from your financial advisor before trade

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thank you for reading my idea
if found any related query allow me to answer

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if you think this idea is use full
please like and share and follow and comment your thought about this analysis

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triangle pattern breakout today

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Rsi 14 setup

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Macd setup

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sma 200 sma 100 sma 50 sma 20
sma setup

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bollinger band setup
price closing above 20 sma

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closing line chart setup

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93 point up today
closing price 19528

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46 point up today
closing price 19575

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our long entry executed so
keep ur stoploss around 19100 and ride for the target for 20800

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again mkt prove today that in a bullish mode

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continuous higher high making
36 point up
closing today 19611

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thank you so much for you love and support

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300 point profit after posting this chart one way profit running

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370 point profit running for now after posting this idea

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around 400 profit running now

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430 point up after posting this idea

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hope full that
first target 20400 and
second target 20800
will come

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when we type in google search
famous chart pattern we found this chart in two times
thank you for making this famous

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A huge and most successful G20 summit finish in BHARAT
ITS A very very proud moment for us as a BHARTIYA

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460 point profit

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500 point profit now

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565 point profit riding

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NEW LIFE HIGH

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660 point profit running for now

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still at life high
around 660 point profit running

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open can be at life high near 20125

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706 point profit running

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closing today at life high

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780 point profit running

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12 september black candle low is the fresh stop loss in this trade now

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earlier our initial Stop loss is 19100 for this trade
and now
shifting our stop loss to 19900 on daily closing basis

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Trailing stop loss is 19900 for now

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stop loss is closing basis
so today our stop loss is safe
because closing not happen below 19900

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15 min buying setup at the end

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1h setup for now

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19475 is stop loss

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Monthly setup
clear breakout seen on chart

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full target achieved

20800 printed on screen today

Trade closed: target reached

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3600 point profit running

sk_4587

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sk_4587