Witness sudden surge in Movement with a steeper pole and a horizontal consolidation . The rectangular price movement was for 6 days and then the breakout happened on the 7th day, Entry Point is Marked A(98.5). The stoploss is set as point B(94.4). Since Flags are a powerful pattern the target can be 1.5 or 2 times the risk taken, Since the pole was steeper surge on a single day, I took a call for 1:2 risk / reward ratio. The target C (106.7) was reached on the 5th day
ASHOKLEY – FLAG PATTERN – BULLISH
