NIFTY | Small Flag pattern but with RSI divergence (15 TF) Long

NSE:NIFTY15

Nifty 50 IndexNSE

Description

⋅ Jan 12, 2021 2:15 PM

NIFTY | Small Flag pattern but with RSI divergence (15 Min's Time Frame)

CMP : 14563
SL : 14510
Target : 14625, 14687

Trade closed: target reached

⋅ Jan 13, 2021 12:32 PM

Target hit, but couldn't trade as it was straight away gap up.

Should have checked earlier !

Comments

kunalksr28

⋅ Jan 12, 2021 3:15 PM

when market is at all time high, how you can made analysis on 15 Min TF ?

srikartiram

⋅ Jan 12, 2021 5:57 PM

@kunalksr28, All time high is not new to market as an index it ll continue to go to heights. I visualised a flag pattern and posted. I’m trying to build long positions.

kunalksr28

⋅ Jan 12, 2021 7:02 PM

@srikartiram, humbly request to you that 15 Minute TF is not reliable for flag patterns. Any pattern shows it's reliability on higher TF on 1 hr or more