Flag pattern witnessed at INFY during 18 Nov 2014
the trend was bullish and had a steeper pole and flag , the duration was 4 to 7 days
target-530
entry-519
stop loss-507
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Flag pattern witnessed at INFY during 18 Nov 2014
the trend was bullish and had a steeper pole and flag , the duration was 4 to 7 days
target-530
entry-519
stop loss-507
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Hi sir,
Good attempt… Identifying the flag pattern is an easy job if you have the right trading conditions.
Now is the time to go through the flag chart pattern strategy step-by-step conditions for the bearish flag pattern or Inverted flag pattern
A bearish flag pattern forms when the price falls sharply, then moves sideways. This sideways movement can be considered as a flag and volume should be low during the sideway movement meanwhile volume should be high during the breakout day.
Don’t consider single day steeper pole
The duration of the sideways movement of the flag cloth is 4-7 days.