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 )

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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

3 Comments
  1. Suresh Surulimuthu 2 years ago

    @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?

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