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)

—————————————————————————————–
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

3 Comments
  1. shalini 3 years ago

    can you please explain the entry level?

    • Author
      MOHAN KUMAR R 3 years ago

      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.

  2. shalini 3 years ago

    thsnks…

Leave a reply

CONTACT US

We're not around right now. But you can send us an email and we'll get back to you, asap.

Sending

©2022 | Rights Reserved | EQSIS | Terms and ConditionsPrivacy Policy

Log in with your credentials

Forgot your details?