FLAG PATTERN CONDITIONS:
1. STEEPER POLE : 70-85 DEGREES (YES PRESENT).
2. DURATION OF THE POLE : LESS THAN 3 DAYS. (YES 3 DAYS)
3. RECTANGULAR MOVEMENT FOR 3 TO 7 DAYS. (YES. 6 DAYS)
4. BREAK OUT SHOULD HAPPEN IN THE SAME SIDE WITH GOOD VOLUME. (YES HAPPENED)
This morning it gave positive breakout with good volume.
—————————————————————————————–
Stock Ticker – NSE: HINDUNILVR – Hindustan Unilever Ltd. – CONSUMER GOODS
Bullish Trade plan:
Entry Level 1855 Target 1950 Stoploss 1760
Analyst Rating – :4/5
View Posted on 2019-08-22
Very good analysis. Thanks.