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the_consolidation_guy

NIFTY REALTY Possible Flag Pattern

Nifty Realty Index (NSE:CNXREALTY)  
the_consolidation_guy  
NSE:CNXREALTY   Nifty Realty Index
Chart Patterns Flag realty niftyrealty Descending Channel
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chartpattern flagpattern realty niftyrealty descendingchannel
NIFTY REALTY on 20th Oct gave the long-awaited triangle breakout followed by a quick attempt to break the resistance at 239-240 levels. This was rejected and then it fell into a channel consolidation (descending) since 22nd Oct.

Possible breakout/down confirmation levels
Breakout - 237.15
Breakdown - 233.9 (Aggressive), 232 (Conservative)

Just a Beginner trying to learn pattern analysis. Looking forward to corrections and insights.
Cheers ;)
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