Thursday, September 3, 2009

Update: Flag and pole in Rcom - 2nd Sep 09

Update at 12:44 PM:
It is forming shooting stars, book out 75 % and trail with only 25%

~.~.~.~.~.~.~.~.~.~.~.~.~.~.~.~.~.~.~.~

Rcom
Chart - 5 mins:


It reached the target of flag and pole . Again it is consolidating with low volumes after the shooting up with volumes. So trail keeping the stop loss below the consolidation(Approx at 286) and hold till it reaches 293. Book partial profits accordingly in between.

4 comments:

Sujatha on September 3, 2009 at 12:35 PM said...

Mostly u r posting this flag & pole, can please post something on this technically, what is wat after market hours.

Thanks in advance

kurichh on September 3, 2009 at 11:12 PM said...

doji..its 293..not 193 :)

Doji (Blog Author) on September 3, 2009 at 11:13 PM said...

It is same as flag, which is also called bull/bear flag. you can read about the here: http://www.trending123.com/Chart-Pattern-Scan-Stocks/Technical-Analysis-Trading-Bull-Flags.htm

Doji (Blog Author) on September 3, 2009 at 11:17 PM said...

Oops, thanks Kurichh for correcting the typo :)

Post a Comment

 

The Chart Reader Copyright © 2009. Privacy Policy