Nifty is @ very interesting & massive immediate near suuport level 11650. & making one of most beautiful Flag pattern...
lets see where the nifty goes.. the price is alomost @ flag bottom support.
Discalimer: this is only for educational purpose , You can initiate any position at your own risk.
RSI has entered into an overbought zone. The emerging chart pattern on the other hand is bullish flag pattern which is a bullish continuation pattern. However, overbought RSI contradicts any upward move as the stocks is overbought. What price target one can therefore consider?
BPCL breaks down after a period of consolidation. Apparently, price action is showing a Bear Flag pattern, which will be confirmed if the running candle closes below 376.40. Target of the pattern comes in at 334 levels.