nifty-03nov2016

Nifty is making a Flag Pattern which is coming near the lower trendline with MACD Divergence.. I would expect the price to go higher from there which gives a potential buying opportunity.. If it breaks the Flags upper trendline line then My TargetsĀ are at the all time highs around 9120. However, if it continues to go lower then I would wait to see what pattern is being formed before taking long positions..

Happy Trading!!

3 thoughts on “Nifty Flag Pattern!! Potential Buying Opportunity Coming Up!!

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