nalinakshi

for me it is seen as pole and falg

Long
NSE:ESCORTS   ESCORTS
Flag: A flag is a small rectangle pattern that slopes against the previous trend. If the previous move was up, then the flag would slope down. If the move was down, then the flag would slope up. Because flags are usually too short in duration to actually have reaction highs and reaction lows, the price action just needs to be contained within two parallel trend lines .

here as i see price action is contained within the parallel lines and pole is formed and escort is in uptrend, i hope it to be continuation pattern .
price action will tell me.

if so the price action will be [powerful to achieve its high of the pole and beyond.
RULE will be .38% of the retracement from the pole. Now it is perfectly fulfilling the criteria, suppose if it retraces more than 50% it becomes invalid
Comment:
Comment: on daily chart is fulfilling 23.6% Fibonacci retracement. so 94 8 is the important price to hold

Comments

it hasexceeded the fibonacci retracemnt level, so it has failed, now itmaygo upto 928 to 912 then it maytake support
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Long above 976 SL 968 for 1000 or new breakout

OR

Short below 958 SL 966 for 948 / 935
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nalinakshi hotpot64
@hotpot64, yes i agree
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hotpot64 nalinakshi
@nalinakshi, Market up, Escorts down :-) I have closed my poistion.
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broken out of scaloop at 917 + 280 possible from this point

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