FLAG PATTERN CONDITIONS:
1. STEEPER POLE : 70-85 DEGREES (YES PRESENT).
2. DURATION OF THE POLE : LESS THAN 3 DAYS. (YES 2 DAYS)
3. RECTANGULAR MOVEMENT FOR 3 TO 7 DAYS. (YES. 3 DAYS)
4. BREAK OUT SHOULD HAPPEN IN THE SAME SIDE WITH GOOD VOLUME. (YES POSITIVE BREAKOUT WITH HIGH VOLUME – BUT LETS WAIT FOR THE PRICE TO MOVE LITTLE BIT HIGHER)
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Stock Ticker – NSE: BERGEPAINT – Berger Paints India Ltd. – CONSUMER GOODS
Bullish Trade plan:
Entry Level 440 Target 510 Stoploss 370
Analyst Rating – :4/5
View Posted on 2019-09-26
can you please explain the entry level?
The highest point during the rectangular (horizontal) movement can be taken as entry point. If the price move above this point with good volume entry can be taken.
thsnks…