FLAG PATTERN CONDITIONS:

1. STEEPER POLE : 70-85 DEGREES (YES 82 DEGREES PRESENT).

2. DURATION OF THE POLE : LESS THAN 3 DAYS. ( 4 DAYS)

3. RECTANGULAR MOVEMENT FOR 3 TO 7 DAYS. (YES. 3 DAYS)

4. DURING RECTANGULAR MOVEMENT VOLUME SHOULD BE LOW. (YES)

5. BREAK OUT SHOULD HAPPEN IN THE SAME SIDE. (YES)

9 Comments
  1. Author
    MOHAN KUMAR R 5 years ago

    This is my first real time post on Flag formation. The chances for me to commit mistakes are high. If there is any please feel free to correct me.

  2. Naresh 5 years ago

    Hi,
    It’s really a perfect call

  3. KALYAN 5 years ago

    Excellent pattern sir.

  4. Meenu Ayyappan 5 years ago

    If we take short positon then are u referring that we should be doing intra day ? Then what is meant by duration of 1 week?

    • Author
      MOHAN KUMAR R 5 years ago

      Hi Meenu Ayyappan, using futures ( derivative instruments) we can hold the short position more than a day.

  5. Meenu Ayyappan 5 years ago

    Ok. Thank you

  6. Author
    MOHAN KUMAR R 5 years ago

    TARGET ACHIEVED BUT DURATION GOT EXTENDED

  7. Venkatesh B 5 years ago

    HI,

    It took little time for me to understand, but I need to confirm with Sir about this, can we actually take the trade on this kind of steep pole with less days to trade after flag formation.

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