- This topic has 7 replies, 4 voices, and was last updated 8 years, 1 month ago by .
- The topic ‘BULL and BEAR FLAG’ is closed to new replies.
Tagged: BHEL, FLAG pattern, NMDC
NMDC – Intresting pattern
# have witnessed double bottom at 76 and gained a strong support with high volume gap breakout @ 85
# sketched a typical flag after the double bottom breakout supported by good volume.
# Flag entry – 97, SL – 88, Target – 98
# Reaching the target 98 the price would have breaken the previous resistance @ 95 and 97 levels
# Hence we can hold it for the next Target 2 -105
BHEL – Bearish flag Entry-98.5, SL- 102, Target- 95.
The gap formed can be considered as a breakout gap because of the new high volume formed.
NMDC – Intresting pattern
# have witnessed double bottom at 76 and gained a strong support with high volume breakout@ 85
# sketched a typical flag after the double bottom breakout supported by good volume.
# Flag entry – 93, SL – 88, Target – 98
# Reaching the target 98 the price would have breaken the previous resistance @ 95 and 97 levels
# Hence we can hold it for the next Target 2 -105
EQSIS, A Stock Market Research Firm
Knowledge is Power. Here you may start from basics, get support while practicing and evolve as active analyst, later you can become a pro