Wednesday, September 2, 2009
Flag and pole in Rcom - 2nd Sep 09
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Rcom Intraday Chart - 5 min:
Rcom formed a flag and pole in 5 min time frame, break out with confirming volumes may give Rs.10 (Trade only breakout). Use trailing stop loss if it gives breakout as nifty is looking weak.
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4 comments:
pls give the break out level alos in ur post i mean the price
Hi Afzala.com,
Break out happens when the price breaks the trend line with good spread and volumes. As the trend line price moves with time, I can't give the exact price where breakout happens upfront. And when a possible breakout occurs, I may be busy validating and order placements and cant update immediately. The best way is to use live charts and draw the same line to watch out for the breakout.
- Doji
nice one doji :)
Thanks Kurichh.
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