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FLAG positive breakout with good volume in upcoming trading day is good sign of price surge.
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Stock Ticker – NSE: TATAMOTORS – Tata Motors Ltd. – AUTOMOBILE
Bullish Trade plan:
Entry Level 185 Target 195 Stoploss 175
Analyst Rating – :4/5
View Posted on 2019-12-31
| M | T | W | T | F | S | S |
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | ||
| 6 | 7 | 8 | 9 | 10 | 11 | 12 |
| 13 | 14 | 15 | 16 | 17 | 18 | 19 |
| 20 | 21 | 22 | 23 | 24 | 25 | 26 |
| 27 | 28 | 29 | 30 | 31 | ||
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Hi,
The first leg of the bullish flag pattern is characterized by a sharp rally in price in the direction of the current trend(at least 2-3 days sharp rally in the steeper pole)