Flag pattern on NG hourly chart
As seen in the chart, there is flag pattern developed. In this case the trend is expected to continue when the price moves above the upper trendline. No need to say that, " it is bullish pattern or continuation of the trend."
Update 1, 09.09 pm ( India )
As seen in this chart, there is length of flagpole shown, which is around Rs 14. As a rule of flag pattern , flag top + flagpole length = 207. So this pattern shows the tgt of Rs 207.
Keep in mind that NG is too much risky commodity to trade.
Vaibhav Sir your views on zinc in august contract?
ReplyDeleteBull/bear
Can u pls share
Zinc is not in my regular study,, but i will see the zinc chart tomorrow and try to give my view on tomorrow or on Sunday. If I will not able to read the zinc chart or unable to come on any conlusion, I will mention it replying this comment.
DeleteOk sir
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DeleteVaibhav Sir your views on zinc in august contract?
ReplyDeleteBull/bear
Can u pls share
posted zinc analysis, it is in bullish mode, resistance placed around 153, above that it can go up to 157 - 158 around, support 146 - 148 , read the post.
DeleteThankyou so much for sharing this information with us.
ReplyDeleteGold verkaufen
Goldberlin