Some expected upmove.
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It has crossed the median line.
now probabilty of its touching uml is there.
in 5 and 15 minutes chart it is forming higher high and higher low .
which is explained in the updates below.
classic flag and pole pattern has been formed .
so I expect upside break out to the level of 42540 minimum possible.
hedge with 42000 pe.
please go through my previous posts of bank nifty
now probabilty of its touching uml is there.
in 5 and 15 minutes chart it is forming higher high and higher low .
which is explained in the updates below.
classic flag and pole pattern has been formed .
so I expect upside break out to the level of 42540 minimum possible.
hedge with 42000 pe.
please go through my previous posts of bank nifty
Note
Note
after initial thrust towards the upside it was more or less range bound day in the rest of the period.It has formed classic pole and flag pattern and has now has higher probabilty to break out on the upside if it sustains above the uml of the pitch fork.in 5 and 15 minutes chart it is forming higher high and higer low.Unless it breaks the median line of the pitch fork in the initial hour the target can be achieved.Do n't forget to like this post and follow me to get updates.
Note
Note
forming diogonal ,let us see if trend reversal takes place or not.
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