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| Discuss Nifty Futures Trading at the Derivatives within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Originally Posted by nareshch Raising flag is bullish ? I think its Bearish Naresh Yes ... |
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| Derivatives Discuss Futures & Options in securities whose value is derived from an underlying instrument. |
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#2151
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Yes it's a rising flag which is very bearish most of the time. However, a breakout above such a negative formation will show that momentum is very high and hence may give a parabolic rally. In case of a positive breakout, the upper boundary will be our stop. In case price comes inside the upper channel line after breaking out, most probably it'll form a Bearish Wolfe Wave.
Regards, --Ashish |
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#2152
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All longs be care full
Wolfs might be on the prowl |
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#2153
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Abv 4835 4900 possible, but already 2 day's tgt rechd in 1 day
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#2154
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ahhhhhhhhhh,i promise u ppl doing a great job by interacting.this is a traders paradise and definitely its not about the money,such a wonderfull learning curve...
cheers |
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#2155
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Bought Put of Apr Strk 4800 @ 175.10
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#2156
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Raised SL to 4815
Be very care full................................ Ajax |
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#2157
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Quote:
Saint
__________________
"You cannot change the direction of the wind,but you CAN adjust your sail..." |
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#2158
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NF 2min
NF has to stay above upper trend line . Otherwise target ~4780 Raised SL to 4825 Last edited by Ajax; 22nd October 2008 at 10:52 PM. |
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#2159
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Booked longs @ 4845
Short 1 lot with SL of 4855 Ajax |
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#2160
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