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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