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. 7 DAYS)
4. BREAK OUT SHOULD HAPPEN IN THE SAME SIDE WITH GOOD VOLUME. (YES POSITIVE BREAKOUT WITH HIGH VOLUME )
—————————————————————————————–
Stock Ticker – NSE: AMARAJABAT – Amara Raja Batteries Ltd. – AUTOMOBILE
Bullish Trade plan:
Entry Level 769.50 Target 861.50 Stoploss 677.50
Analyst Rating – :5/5
View Posted on 2019-11-26
@mohankumar
Good analysis sir, Thanks for posting.
Request your clarification on the stop loss. Should it be the low of the pole or low of flag?
Hi @sureshsurulimuthu we can take the lower end of the pole.
Thanks Sir