FLAG PATTERN CONDITIONS:
1. STEEPER POLE : 70-85 DEGREES (YES PRESENT).
2. DURATION OF THE POLE : LESS THAN 3 DAYS. (YES 2 DAYS)
3. RECTANGULAR MOVEMENT FOR 3 TO 7 DAYS. (YES. 7 DAYS)
4. BREAK OUT SHOULD HAPPEN IN THE SAME SIDE. { WE HAVE TO WAIT FOR TOMORROW. IF IT GIVES BREAK OUT IN SAME DIRECTION WITH HIGH VOLUME THEN WE CAN EXECUTE OUR PLAN. OR ELSE THIS IS NOT OUR CUP OF TEA LETS WALK AWAY}
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Stock Ticker – NSE: TATAGLOBAL – Tata Global Beverages Ltd. – CONSUMER GOODS
Bullish Trade plan:
Entry Level 243.30 Target 280 Stoploss 197.50
Analyst Rating – :4/5
View Posted on 2019-05-28
Good findings
Thank you saravanan sir.
Good Plan
Thanks Prakash sir, but as today the price didn’t break the threshold (243.30 entry price) we have to drop this trade plan. Because in case of flag pattern the maximum duration of rectangular movement should not be more than 7 days.
As i could not post my view on Bharat financial inclusion limited in our main screen, please let me post it here for discussion.
The trade plan:
Entry : 1042
Target : 1155
Stop loss : 927
The trade plan can be executed only if the price cross the 1042 mark with very good volume or else a big NO.
Today on 03.06.2019 Bharat Financial Inclusion Limited has given positive breakout. We can execute the trade plan. 🙂