- A steeper pole is seen.
- Rectangular shaped sideways movement is formed after the steeper pole. Thus a FLAG is formed.
- Positive pole flag gave a positive breakout.
- Volume is also increased during the breakout time.
- Long position can be considered after positive breakout zone.
FLAG PATTERN – ITC
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Stock Analysis
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Hi Kavitha, the duration of rectangular movement in flag pattern should not be more than 7 days. Please considered that from your next posts.
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