Long

Updated

Nifty (pole and flag ) trading setup on hourly chart

nifty creating a (pole and flag ) setup on hourly chart

so target is equal to pole if break the flag
on upside
so my view long if flag breaks upside
with the stoploss of 19200

for the target of 20400

if you think this idea is use full
please like and share and follow
thank you for reading my idea
if found any related query allow me to answer

i am not a sebi registered analysist
this is just my observation for practice and learning purpose
of chart reading and try to understand the price action trading
thank you

one correction
TCS = 16 % down from life high ( by mistake its written 6% down )

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nifty daily RSI setup
Rsi 14 trading at 68.6

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nifty daily MACD setup

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nifty daily Bollinger Band setup

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nifty daily simple moving average setup
SMA 20 > SMA 50
SMA 50 > SMA 100
SMA 100 > SMA 200

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around 80 point gap up

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heavy weight
infosys up today 4.5%
Tcs up today 5%
is a booster for nifty

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new life high 155
point profit running for now

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comment your valuable view about this trade

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NIFTY index weightage stocks performance

Hdfc = Life High
Hdfc Bank = Life High
Reliance = Life High
LT = Life High
Icici Bank = Life High
Axis Bank = Life High
ITC = Life High

Tcs = 13% less from Life High
Infy = 26% less from Life High
Bajajfin = 6% less from Life High
Hindunileaver = 6% less from life high

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200 point profit running for now

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300 point profit in two days only

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365 point profit running for now

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415 point profit running for now

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500 point profit in nifty running for now

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20000 PRINTED ON NIFTY

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550 point profit for now

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Nifty 50 highest weightage stock current performance

LT = Life High
Hdfc Bank = Life High
Reliance = Life High
Icici Bank = Life High
Axis Bank = Life High
ITC = Life High

Tcs = 16% less from Life High
Infy = 32% less from Life High
Bajajfin = 5% less from Life High
Hul = 9% less from life high

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15 min breakout

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Nifty 50 daily Pole and Flag pattern setup

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3500 point running profit till today

sk_4587

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sk_4587