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Asian Paint has identified a flag pattern with steeper pole with rectangular shaped sideways movement with time less than 4 days with negative flag. Volume is good. Hence, Entry Point was fixed at 1426 and SL placed at 1491 and target 1361. As the flag is in bearish the target was achieved
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Hi Ashok Rajkumar, in case of flag patterns a positive flag should give positive break out and the negative one vice versa.