FLAG PATTERN CONDITIONS:
1. STEEPER POLE : 70-85 DEGREES (YES 82 DEGREES PRESENT).
2. DURATION OF THE POLE : LESS THAN 3 DAYS. ( 4 DAYS)
3. RECTANGULAR MOVEMENT FOR 3 TO 7 DAYS. (YES. 3 DAYS)
4. DURING RECTANGULAR MOVEMENT VOLUME SHOULD BE LOW. (YES)
5. BREAK OUT SHOULD HAPPEN IN THE SAME SIDE. (YES)
This is my first real time post on Flag formation. The chances for me to commit mistakes are high. If there is any please feel free to correct me.
Hi,
It’s really a perfect call
Excellent pattern sir.
Thank you all for the appreciation.
If we take short positon then are u referring that we should be doing intra day ? Then what is meant by duration of 1 week?
Hi Meenu Ayyappan, using futures ( derivative instruments) we can hold the short position more than a day.
Ok. Thank you
TARGET ACHIEVED BUT DURATION GOT EXTENDED
HI,
It took little time for me to understand, but I need to confirm with Sir about this, can we actually take the trade on this kind of steep pole with less days to trade after flag formation.