NIFTY in last one week has moved in Flag pattern. Great thing to observe is that all the Flags have moved almost 5%. Last Flag breakout is complete now as required length of pole move is achieved and coincidently NIFTY is standing at important resistance of 16650.
It will be difficult for NIFTY to break it without any consolidation. 16400 is now strong support for NIFTY. Extended target for NIFTY if crosses 16650 is 16800.
for bigginer very fine idia to learn and than earn.thanks for it.i continuously observed your chart pattern and understand the technical psychology of chart.