Note: Do your own study before making any poistion...
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AND ITS A BREAKOUT !!!!! :D
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Its Breakout!!! Heading towards 1st target :D :D :D
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negative rsi divergance in hourly ... i think price will fall to lower 296- 297 region... overall trend is very bullish this could be opportunity for making new positon ride with strict SL.... All the best
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bounced back fro 20 ema in hourly charts.. what a move :D :D
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Trade closed: target reached
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near to second target revise SL
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negative divergence on daily charts..... oldies can book profit and enter again newbies wait for price to come down near to 298-300 for higher targets...
Akshatji I like your drawing but just to mention that flag pattern is relatively small pattern where flag part is formed in maximum 3 weeks of duration, beyond that it is not considered Flag but could be traded for a symmetrical triangle etc.
MrAkshatP
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@Praveen.bhatiya, HAHAH! :D thanks, even I was also wondering of triangular pennant while posting .. :D :D