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#1
29th May 2007, 01:23 PM
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My views your comments
Hi friends
A flag pattern is developed on Petronet Lng.. This is my view…see Chart. What are your views? Last edited by Luckytrader : 17th January 2008 at 08:11 PM. 
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#3
29th May 2007, 02:03 PM
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Re: My views your comments
Hi Lucky,
A flag pattern is a consolidation/continuation pattern and slopes against the previous trend. In this case the previous trend is up so the flag should slope down. See this link: http://stockcharts.com/school/doku.p...s:flag_pennant ss 
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#4
29th May 2007, 02:45 PM
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Re: My views your comments
Hi Sunil,
ok then this must be a pullback...A CHANCE TO EXIT
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#5
29th May 2007, 02:50 PM
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Re: My views your comments
Quote:
Within a few months I will become the third person…..going to introduce something like they did…
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#6
29th May 2007, 03:04 PM
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Re: My views your comments
Hi Lucky,
Here is an example of a flag. ss
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#7
29th May 2007, 04:43 PM
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Re: My views your comments
Hi,
Sunil, has pointed right thing that the flag slop is in same direction as of trend and this is something wrong according to traditional flag patterns. Also, the flag breakout is not powered with power volumes. On the whole , I see a long consolidating phase. Regards, Winston
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