Sunday, January 30, 2011

Inverted Flag - Back to Basics

This time Nifty explain beautifully, what an inverted flag mean. Inverted flag pattern, a consolidation/continuation pattern that often occurs in the midst of a bearish move like what Nifty has been experiencing since 10th Jan, 2011. Please do not take me wrong, I am not predicting any free fall of Nifty nor giving you any lower target. Slow Stochastic is sufficiently spend time in oversold zone (below 20).